Bonk extends downward price move as seller momentum dominates after major treasury loss

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Bonk drops 7.04% today on negative news

Highlights

BonkDAO treasury suffered a $20 million loss in July 2026, severely weakening the project’s financial stability.
Coinone has confirmed it will cease Bonk trading on September 7, 2026, sharply restricting user access and platform liquidity.
BONK/USD remains under pressure, trading below major moving averages with technical signals skewed bearish and a forecasted range of $0.00000293 to $0.00000333.

Treasury breach and exchange delisting as catalysts for risk aversion

A major driver of today's selling pressure is the reported $20 million drain of the BonkDAO treasury in July 2026, identified by a security firm write-up and covered in press reports. This sudden loss of treasury reserves has diminished the project's financial stability and raised concerns about the sustainability of ongoing development initiatives, prompting negative sentiment across the market. Additionally, an official Coinone notice confirming the cessation of Bonk trading on September 7, 2026, has restricted access and liquidity for users on that platform, further impacting demand.

Downside momentum persists as multiple indicators flash sell signals

On the hourly chart, BONK/USD remains below its MA-20 and MA-50, and it is also trading under the MA-200 on the daily timeframe. The Ichimoku Kijun at $0.00000327 is acting as the nearest resistance. Momentum indicators continue to signal downside: MACD and ADX confirm firm selling conditions, while RSI is at 41.67 and delivering a "Sell" signal. CCI and Stoch RSI remain Neutral, indicating no strong overbought or oversold conditions. Bull/Bear Power also favors sellers intraday. The Awesome Oscillator is Neutral, and present volatility is considered high.

Further losses favored as volatility and resistance limit upside

In the short term, BONK is expected to trade within the $0.00000293 to $0.00000333 range, reflecting the current volatility band relative to prevailing levels. The probability of an upward break is very low, with a high likelihood of continued downside pressure. Should price close above the Ichimoku Kijun resistance, a brief bullish scenario becomes possible, while a drop below the lower end of the range would signal renewed selling momentum.

Viktoras Karapetjanc, expert at Traders Union, sees today’s BONK setback as a direct result of eroding confidence and negative sentiment. The $20 million BonkDAO treasury drain and a key exchange delisting have put fundamental pressure on the project. He believes further downside is likely unless a clear catalyst shifts the outlook. "If BONK manages to reclaim and hold above $0.00000327, I’d watch for a tactical bounce — but for now, caution prevails until sentiment improves."

Earlier, analysts noted that Bonk was exhibiting persistent bearish momentum with limited prospects for a near-term reversal. The latest developments—including the substantial treasury drain and the upcoming Coinone trading halt—reinforce downside pressure, making sustained monitoring of the $0.00000293 support level critical for assessing further risk.

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

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.