BONK's price has continued to be under pressure recently. On-chain data shows that after a large number of tokens were transferred out of BONK treasury from related addresses, new selling activity has occurred, fueling market concerns about further selling pressure.
On-chain selling continues
Lookonchain reports that a trader who previously legally transferred out 4.426 trillion BONK, worth approximately $21.2 million, recently sold another 800 billion BONK, worth about $2.48 million. This continued selling has further weakened market sentiment.
Prices have clearly fallen.
Since the events of July 6, BONK has fallen by approximately 40%. Currently, the price is hovering around $0.00000272, a drop of approximately $0.00001000 from the beginning of 2026.
The market is still observing subsequent supply.
The article points out that BONK has struggled to mount a sustained rebound this year. Going forward, the market will focus on whether more tokens will enter circulation and whether buying pressure can absorb selling pressure before further declines.
