“Speculative token selling accelerated as heavy volume formed near resistance before a sustained pullback.”, — write: www.coindesk.com
The move unfolded within a $0.000001202 range, representing roughly 13% intraday swings as speculative positioning unwound, according to CoinDesk Research’s technical analysis data model.
Price had firmer footing during the Asian morning, with BONK briefly dipping to $0.000007941 before rebounding sharply. The bounce carried the token above $0.000008300, suggesting demand emerged at lower levels despite the broader downtrend.
Short-term price action shows BONK consolidating after the rebound, with overhead resistance clustered near $0.0000084–$0.0000085 and deeper support defined near the session low. Until the token can reclaim the $0.0000091 area, trading conditions remain consistent with stabilization following a sharp sell-off rather than a confirmed trend reversal.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence’s Token Security API averaged 717 million monthly calls year-to-date in 2025, with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch, the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B, while derivatives volume peaked the same month at over $4B.
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Streamlined SEC approval is a key factor behind that prediction, but Bloomberg’s James Seyffart warned many of the products will struggle to survive.
- The SEC’s new rules could lead to a surge in crypto ETP launches in 2026, according to Bitwise.
- Bloomberg’s James Seyffart warns that many new crypto ETPs might fail within 18 months due to market saturation.
- The regulatory changes eliminate the lengthy 19(b) rule filing process, streamlining the listing of crypto ETPs.
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