BONK Drops 11 in 24 Hours Amid Heavy Liquidations and Safety Shot Token Purchase

BONK, the Solana-based memecoin, experienced a sharp price correction in late July and early August 2025, declining by over 11% in a 24-hour span before showing signs of stabilization near key support levels [6]. During the decline, the token briefly dropped to $0.00002554, with liquidation volumes surpassing 2 trillion tokens [1]. The rapid movement underscored the inherent volatility of the memecoin market, shaped by speculative trading, retail momentum, and emerging institutional interest.

A late-session rebound saw the token rally 3% in the final hour of trading, lifting it back toward $0.00002620 [5]. This bounce, though modest, suggested that buyers were beginning to step in near critical support levels. The token remained within a trading range of $0.000026 to $0.000027, with signs that the market was stabilizing despite the initial sell-off [5].

One notable development during this period was the $25 million acquisition of BONK tokens by Safety Shot Inc., a publicly traded beverage company in the U.S. The purchase, while not officially explained, may signal a strategic bet on the long-term viability of the token [1]. The move was cited as a pivotal moment in the BONK ecosystem, particularly given the lack of contagion effects on other Solana-based assets or major cryptocurrencies like BTC and ETH [1]. Safety Shot’s Investor Relations Department expressed confidence in the token’s potential, stating that the acquisition is expected to strengthen the market position for both the company and BONK [1].

The token’s deflationary mechanics—reinvesting 50% of trading fees into buybacks—have historically helped to reinforce community sentiment during downturns [3]. However, the recent sell-off demonstrated that such mechanisms are not always sufficient to counter broader market forces or sudden shifts in institutional positioning [1]. Analysts noted that BONK’s price action reflected a mix of retail-driven enthusiasm and structural vulnerabilities, with liquidity and sentiment being highly sensitive to macroeconomic and market events [1].

Historical patterns also revealed a tendency for BONK to experience sharp corrections after extended periods of hype [3]. If the current trend persists, further testing of support levels could be expected, reinforcing the need for investors to remain cautious in the short term [4]. Despite the recent turbulence, the token’s community-driven initiatives—such as buybacks and token destruction—continued to play a role in maintaining long-term interest [3].

The broader crypto landscape remains a key influence on BONK’s trajectory, with regulatory developments and macroeconomic shifts shaping investor sentiment. While the token has not shown signs of a prolonged bearish trend, the episode highlights the precarious balance between speculative momentum and structural risk in the memecoin space [4].

Source:

[1] CoinDesk - [https://www.coindesk.com/markets/2025/08/11/bonk-retreats-8-after-climbing-to-august-high](https://www.coindesk.com/markets/2025/08/11/bonk-retreats-8-after-climbing-to-august-high)

[3] X - [https://x.com/castle_labs/status/1954851951075582333](https://x.com/castle_labs/status/1954851951075582333)

[4] CoinDesk - [https://www.coindesk.com/latest-crypto-news](https://www.coindesk.com/latest-crypto-news)

[5] Binance - [https://www.binance.com/en/square/post/28192594848138](https://www.binance.com/en/square/post/28192594848138)

[6] Brave - [https://bravenewcoin.com/insights/bonk-bonk-price-prediction-bonk-rebounds-at-key-support-as-bulls-eye-over-70-rally-despite-recent-slide](https://bravenewcoin.com/insights/bonk-bonk-price-prediction-bonk-rebounds-at-key-support-as-bulls-eye-over-70-rally-despite-recent-slide)