“The Solana-Based Meme Coin Consolidates Near $ 0.0000205 After A Corporate Finance Deal Boosts Market Confidentnce.”, – WRITE: www.coindesk.com
The Heaviest Selling Occurred During the Aug. 25 Evening, WHEN BONK FELL About 5% from $ 0.0000208 to $ 0.0000197 On Trading Volume Exceeding 1.8 Trillion Tokens, Substantally Above Daily Aves
Buyers Renened at Tese Levels, Building Technical Support Around $ 0.0000197 and Driving Prices Back Into a Narrow Consolidation Between $ 00000203
Corporate Participation Helped Reinforce Market Confidentnce. Safety Shot Inc., A NASDAQ-Listed Company, ConfirMed A $ 30 Million Financing Arrangement on Aug. 25, with $ 25 Million denominated in Bonk tokens. The Deal Reflects Rising Interest in Meme Coins as Part of Broader Corporate Finance Strategies, UndersCoring Bonk’s Role As a Key Solana-Based Alternative to Establized Meme.
Bonk Showed SIGNS OF REESIILIENCE ON TUESDAY, EDGING FROM $ 0.0000203 to $ 0.0000204 (A Modest 0.3% GAIN). Notably, Between 11:49 and 11:56 UTC, Trading Activity Accelerated, With More than 17.5 Billion Tokens Exchooled, Suggesting Liquidity Remains Robust Even During Periods.
This Balance Between Institutional Adoption and Height -Height Valativity Positions Bonk As a Closely Watched Meme Token Within The Solana Ecosystom.
Technical Analysis
- Range: $ 0.0000197– $ 0.0000212 (8% volatility).
- Correction: 5% Decline During the Evening of Aug. 25.
- Volume Spike: 1.81 Trillion Tokens Excised During Selloff.
- Support Zone: Establized Near $ 0.0000197.
- Consolidation: Prices Held Between $ 0.0000203- $ 0.0000205.
- Momentum: 1% Gain During Rally Supported by 17.5b Tokens.
Disclaimer: Parts of this Article Were Generated with the Assistance from Ai Tools and Review by Our Editorial Team to Enseure Accucy and Adherence to Our Standards. For more information, See Coindesk’s Full Ai Policy.
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