BONK Price Drops: Short-Term Correction Follows Recent Rally

The price of BONK has experienced a 3.15% decline over the last 24 hours, settling at $0.00001519. This dip follows a recent rally that pushed prices to new highs before retreating to current levels. While this pullback indicates profit-taking among traders, analysts attribute it to the natural consolidation phase following the recent price surge in the community-driven cryptocurrency market. 3.91% rise in trading volume suggests sustained engagement and healthy liquidity, with a volume-to-market cap ratio of 31.04% indicating strong speculative activity within active trading ranges. The token’s circulating supply currently stands at 81.59 trillion out of its total supply of 87.99 trillion. While this limited gap between circulating and total supply suggests minimal dilution risk in the near term. The sustained engagement and stable framework, despite short-term corrections, highlights BONK’s resilience within the volatile altcoin market. Market data shows that BONK reached a peak near $0.0000169 before retracing to current levels. This shift from green to red signifies only a temporary shift in sentiment, not a full reversal of the trend.