BONK drops 12% amid crypto sell-off despite $25M corporate treasury boost

BONK, the native token of the Bonk ecosystem, fell nearly 12% in the last 24 hours amid a broader crypto market correction, despite receiving a significant corporate treasury boost. The token's decline contrasts with Safety Shot’s (SHOT) strategic move to inject $25 million in BONK into its corporate treasury through a 10% revenue stake in Bonk.fun, one of the largest memecoin launchpads on the Solana blockchain [1].

Safety Shot, a publicly traded company on the Nasdaq, announced that it will issue preferred shares convertible into common stock and reinvest approximately 90% of its BONK.fun revenue into BONK purchases. This move aligns the company’s financial interests with the token’s long-term performance [1]. CEO Jarrett Boon emphasized that the deal involves more than just crypto acquisition, calling it a stake in “a highly profitable engine” within the digital assets sector [1].

Bonk.fun has demonstrated robust performance, generating over $35 million in user fees in July and capturing more than 80% of Solana’s daily new token launch market share [1]. Despite this strong operational backdrop, the broader market's bearish sentiment led to significant sell-offs, which overshadowed the positive news for BONK.

Technically, the BONK/USD 4-hour chart shows a resilient structure despite the recent downturn. There has been no major breakdown to the downside, and buyers still appear to control key levels. However, technical indicators suggest a potential shift in momentum. The MACD lines are entering negative territory, and the RSI has fallen to 50, indicating weakening bullish pressure [1]. If the bearish trend persists, BONK could fall below $0.00002358 and potentially reach as low as $0.000020. A reversal could come if the U.S. CPI inflation data, expected later in the day, signals positive economic trends, allowing BONK to reclaim the $0.00002880 level and possibly move toward $0.00003280 [1].

Safety Shot’s stock, however, suffered a sharp decline of 50% following its announcement, highlighting the market's skepticism toward the memecoin exposure [2]. This reaction underscores the high volatility and risk associated with memecoins, even when backed by traditional corporate structures.

Bitcoin, the leading cryptocurrency, also faced a decline, dropping below $119,000 after reaching $122,000 on Sunday. Altcoins, particularly memecoins, experienced heavy losses due to their inherent volatility [1]. The market’s overall bearish mood contributed to BONK's underperformance despite the corporate support.

The news does not mention any forecasts or predictions from analysts but includes speculative price targets based on technical analysis. These should be interpreted as possible scenarios rather than guaranteed outcomes. The market's next move will likely depend on macroeconomic signals and broader sentiment shifts in the coming days [1].

Source:

[1] BONK dips 11% despite getting corporate treasury boost: check forecast - Invezz, https://invezz.com/news/2025/08/12/bonk-dips-11-despite-getting-corporate-treasury-boost-check-forecast/

[2] Nasdaq-listed firm slumps 50% on BONK memecoin treasury play - CoinGlass, https://www.coinglass.com/ru/news/531664