BONK Experiences 8% Correction After August High

The BONK cryptocurrency experienced a significant correction, dropping by approximately 8% after reaching its August high of $0.00002841 on exchanges. The price stabilized between $0.000026 and $0.000027 according to data from exchange market pages. This move underscores the volatility inherent in the Solana-based memecoin market, notably impacting traders active in community-driven activities such as token burns and buyback strategies.