BONK has decreased by 14% to 0.00002959 USD after Bitcoin’s drop below 100,000 USD. Over a month, BONK fell by 32%. The US economic data showing growth has lessened expectations of imminent rate cuts, negatively affecting both the crypto market and stocks, adding to BONK’s hardship in a higher yield environment.

Indicators suggest BONK may have found a bottom, with a potential recovery to 0.0000320 USD expected shortly. Meanwhile, new altcoins like Solaxy (SOLX) are rising, with SOLX raising 9.2 million USD in its ICO, highlighting emerging opportunities even as BONK struggles in the current market scenario.