After a brutal correction, BONK’s fundamentals — from launchpad dominance to deflationary burns — suggest a sharp turnaround could be near.
The meme coin sector just took a heavy hit — down 37% — after U.S. President Donald Trump’s 100% tariffs on Chinese imports triggered global risk aversion. Liquidity drained from speculative assets like BONK, PEPE, and DOGE, forcing traders to unwind leverage and rotate into stablecoins.
Yet BONK, the self-proclaimed “social layer of Solana”, is showing signs of resilience. Unlike most meme coins that rely solely on hype, BONK’s value now stems from tangible on-chain utility and deflationary tokenomics.
“Meme coins don’t die — they evolve. BONK started as a joke but became Solana’s heartbeat,” said one Solana developer.
The turning point came with LetsBonk.fun, now the third-largest launchpad on Solana — processing over $2 billion in token sales in 30 days and commanding 12% of total market share.
All transaction fees on the platform are used to burn BONK, creating a deflationary pressure that amplifies each rebound. This burn-driven model has already reduced circulating supply by millions, helping BONK retain relevance long after its meme-fueled debut.
At $0.00001150, BONK is retesting a key historical support zone — the same range from which it rallied 231% earlier this year. If momentum returns, analysts forecast a short-term upside toward $0.000025, roughly 112% above current levels.
BONK’s crash mirrors the broader meme coin capitulation that erased billions from speculative markets. The Relative Strength Index (RSI) now sits in deeply oversold territory, hinting that selling pressure may be nearing exhaustion.
Analysts expect a bullish divergence if BONK crosses back above its 14-day moving average — a pattern often preceding sharp reversals.
Meanwhile, Solana’s ecosystem remains fundamentally strong: active wallets, NFT integrations, and developer activity continue to rise despite volatility.
BONK’s chart shows that macro fear, not fundamentals, drove the recent selloff. If sentiment stabilizes, short squeezes could push BONK and other Solana-native tokens sharply higher.
“The fundamentals look stronger than ever — it’s the market that’s panicking, not the project,” noted one trader on X.
With Solana solidifying its reputation as a fast, low-fee Layer 1, BONK may serve as the network’s emotional barometer — volatile but ultimately resilient.
Still, BONK’s combination of community strength, on-chain revenue, and deflationary supply mechanics sets it apart from most meme tokens.
If buyers reclaim momentum near $0.0000115, BONK could become the first meme coin to recover post-tariff shock.
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