{"id":530195,"date":"2025-09-21T05:30:50","date_gmt":"2025-09-21T00:00:50","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=530195"},"modified":"2025-09-20T19:06:15","modified_gmt":"2025-09-20T13:36:15","slug":"bonks-on-chain-strength-vs-dipping-price-whats-going-on","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/bonks-on-chain-strength-vs-dipping-price-whats-going-on\/","title":{"rendered":"BONK\u2019s on-chain strength vs. dipping price – What’s going on?"},"content":{"rendered":"

Key Takeaways<\/strong><\/h2>\n

Why did BONK\u2019s price drop despite rising activity?<\/em><\/h3>\n

Spot Taker CVD showed consistent selling, while Futures traders stayed neutral, keeping BONK\u2019s price under bearish pressure.<\/p>\n

What supports BONK\u2019s long-term upside potential?<\/h3>\n

Nearly 1 million holders, 25% launchpad share, and higher burn rates suggested BONK could recover if demand aligns with shrinking supply.<\/p>\n

\n

Bonk [BONK]<\/a> rebuilt itself by introducing a utility feature to work around the dwindling attention. The hype around BONK had faded with the emergence of AI in the creation and trading of crypto tokens.<\/p>\n

However, the introduction of the LetsBONKfun platform, which serves as a Solana [SOL]<\/a>-based launchpad, brought about a significant turnaround.<\/p>\n

It attracted institutional collaboration, like the integration of USD1, allowing the use of the stablecoin as a base pair.<\/p>\n

The activity on the network surged, despite price action not responding with similar zeal. What are the indications of this surging chain activity?<\/p>\n

Activity surges, impact on its tokenomics<\/strong><\/h2>\n

The Solana Post reported<\/a> BONK holders neared 1 million, with fewer than 20,000 left. It\u00a0indicated a growing community, particularly after launching the LetsBONKfun platform.<\/p>\n

The Fed had cut rates, and post-FOMC profit-taking had taken place. Thus, smart money remained glued to the potential of BONK.<\/p>\n

Stalkchain showed<\/a> BONK was the most accumulated token by smart money in the last 24 hours, with nearly $250,000 flowing in. That’s ahead of Jupiter [JUP]<\/a>, Coinbase\u2019s cbBTC, and others.<\/p>\n

BONK supply was reducing day by day, thanks to the burn mechanism generated by the platform’s revenue.<\/p>\n

\"bonk\"<\/a>
Source: Blockworks<\/figcaption><\/figure>\n

DefiLlama data confirmed<\/a> revenue share to burning rose from 35% to 50%, while LetsBONKfun collected $20.9 million in fees and $12.57 million in revenue annually. BONK\u2019s supply declined daily, tightening tokenomics.<\/p>\n

That shift set up BONK to grab 25% launchpad<\/a> market share, while Pump.fun [PUMP]<\/a> still led with 65% .<\/p>\n

Despite these positive on-chain data points, the price action of BONK was struggling. Well, what is causing this outcome?<\/p>\n

Why is the BONK price struggling?<\/strong><\/h2>\n

BONK reflected what was happening in most cryptocurrencies post the FOMC rate cuts. The memecoin was down about 5% at press time, despite impressive 69% gains in the ongoing third quarter of the year.<\/p>\n

The structure had invalidated bearish sentiment after breaking above a key trendline. However, the On Balance Volume and MACD indicators hinted at underlying bearish sentiment in the short term.<\/p>\n

\"bonk\"<\/a>
Source: TradingView<\/figcaption><\/figure>\n

That left traders focused on Spot Taker CVD. CryptoQuant data showed most spot traders sold, pushing the price lower. By contrast, Futures Taker CVD stayed neutral, signaling weak derivatives demand.<\/p>\n

\"bonk\"<\/a>
Source: CryptoQuant<\/figcaption><\/figure>\n

Chain activity and token burns supported BONK\u2019s fundamentals.<\/p>\n

Nearly 1 million holders suggested longer-term confidence, but short-term pressure came from active spot selling. A renewed spike in demand may be needed to lift prices.<\/p>\n","protected":false},"excerpt":{"rendered":"

BONK\u2019s paradox! Massive growth in holders and burns, yet price stuck under selling pressure.<\/p>\n","protected":false},"author":98,"featured_media":530196,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[6389,5824,66,3,4,20],"tags":[],"class_list":["post-530195","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bonk-coin-news","category-memecoins","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"\nBONK\u2019s on-chain strength vs. dipping price - What's going on? - AMBCrypto<\/title>\n<meta name=\"description\" content=\"BONK memecoin was down about 5% on the day despite impressive 69% gains in the ongoing third quarter of the year, per CryptoRank data.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/bonks-on-chain-strength-vs-dipping-price-whats-going-on\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BONK\u2019s on-chain strength vs. dipping price - What's going on? - AMBCrypto\" \/>\n<meta property=\"og:description\" content=\"BONK\u2019s paradox! 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