BONK Price Drops 40% Since Treasury Drain as Fresh Token Sales Raise More Selling Fears
Investing

BONK Price Drops 40% Since Treasury Drain as Fresh Token Sales Raise More Selling Fears

1 min read

The BONK price is struggling to find solid footing, and the latest on-chain activity isn’t doing holders any favors. According to Lookonchain, the trader who legally drained 4.426 trillion BONK tokens worth $21.2 million from the BONK treasury has now sold another 800 billion BONK, valued at roughly $2.48 million. Since the July 6 incident, …