BONK slumps over 10% as sellers dominate following exploit concerns

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Bonk slides 10.17% today on hacker fears

Highlights

Bonk suffered losses after the hacker moved a portion of stolen BONK tokens to Binance, heightening selloff risk.
The hacker still holds roughly $10.85 million in BONK, raising fears of further selling pressure if more tokens are liquidated.
BONK/USD remains under heavy bearish momentum, with high probability of trading between $0.00000279 and $0.00000361 over the next week.

Persistent outflows as hacker reserves heighten selling risk

Bonk, a meme coin on the Bonk network, recorded losses linked to on-chain data indicating that the hacker responsible for a recent exploit moved part of the stolen BONK tokens to Binance. The hacker reportedly still retains approximately $10.85 million in BONK tokens, contributing to concerns of further selling if more tokens are offloaded. These developments have increased the vulnerability of Bonk to continued downward movement.

Anton Kharitonov, expert at Traders Union, notes that BONK faces continued selling pressure after the exploit. He highlights that BONK is trading below all major moving averages, and key indicators point to sustained bearish momentum. The unresolved token theft and large unrecovered balance add significant downside risk. Kharitonov believes both technicals and sentiment remain weak. "Without a clear resolution to the hack and a shift in momentum signals, I see little reason for optimism at current levels," he warns.

Viktoras Karapetjanc, expert at Traders Union, sees opportunity despite the recent volatility. He emphasizes that periods of forced selling often precede structural resets and new setups for patient traders. Karapetjanc remains focused on forward drivers, including the potential for positive news or inflows to spark renewed momentum. He advises investors to monitor for signs of stabilization above $0.00000336. "A swift recovery through resistance could quickly restore bullish sentiment and open the door for fresh growth," Karapetjanc states.

Momentum weakens as prices remain below key technical supports

BONK/USD trades below its 20-day, 50-day, and 200-day moving averages ($0.00000417, $0.00000447, and $0.00000634 respectively), reflecting persistent pressure from sellers across short-, medium-, and long-term horizons. The Ichimoku Kijun at $0.00000426 acts as additional distant resistance, and near-term technical focus is on the week low ceiling at $0.00000336 and today’s floor at $0.000003. Momentum indicators confirm a weak backdrop. The Relative Strength Index (RSI) sits at 32.93 and suggests selling pressure; the Commodity Channel Index (CCI) and Stochastic RSI both indicate oversold conditions. MACD and Average Directional Index (ADX) both forecast further selling, with sellers dominating intraday momentum as shown by Bull/Bear Power (BBP) in negative territory. The Awesome Oscillator (AO) also reinforces the bearish tone. BONK/USD is down 10.17% today at $0.0000032. The pair opened nearly flat and is trading mid-range for the session, with intraday volatility at 16.67%. The prevailing tone is heavy with downside pressure after the open, in line with momentum signals.

Earlier, analysts noted that Bonk was facing sustained bearish momentum underpinned by persistent selling pressure and weak market confidence. The latest developments surrounding the exploit and the potential for additional token sales reinforce this negative outlook, making close monitoring of downside risk toward the $0.00000279 support level especially important for traders in the near term.

Source of Data: BONK Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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