Could Bonk Prices Plummet Soon? Whales and Smart Money Sell Off

The second-largest Solana meme coin after Trump Coin, Bonk (BONK), may be headed for a significant price drop as whales and savvy investors are divesting their holdings. Data from Nansen and Santiment reveals both smart money investors and large whale investors have reduced their positions in recent weeks. This potential sell off is reflected by a 20% decline in Bonk’s value since its high this month, and a noticeable decrease in the number of tokens held by whales and investors.