Convert 0.01 BONK1M to VND today

BONK investors are experiencing significant losses, evident in the realized cap of 1.8 billion USD compared to the current market cap of 800 million USD.

The active user engagement has notably declined since November 2024, maintaining a bearish trend despite a recent 16.5% price increase.

BONK has been failing significantly, with a decline of 10.45% over the last month. In just the past 24 hours, it has lost another 2.03%, indicating a continuing downward trend.

Market liquidity data reveals long liquidations far exceed short liquidations, with $438,000 in long positions compared to only $6,400 in shorts, illustrating a bearish sentiment.

Technical indicators, including the Parabolic SAR and Bull Bear Power, suggest a sustained bearish market environment, reinforcing the likelihood of further price drops for BONK.

Bonk (BONK) has experienced a 5% increase over the last 24 hours, with its price currently at $0.000011. However, trading volume has dramatically decreased from $175 million to $31,300.

Although BONK shows signs of community engagement and potential price recovery, the wider cryptocurrency market remains bearish, with significant declines noted in Bitcoin and Ethereum.

Traders speculate on Bonk’s price movements, identifying resistance at $0.000012. Successful breakouts could signify further gains. However, negative trends may lead to drops if resistance levels are not cleared.

BONK’s trading volume has decreased by more than 26% recently, leading to increased price volatility despite the price remaining stable.

With around 847 million USD in market capitalization, BONK remains among the top-100 cryptocurrencies. Its drop in trading activity points to potential risks for investors.

Despite fewer trades, the rising number of new addresses suggests continued interest in BONK. However, active addresses have declined substantially, indicating lower engagement from existing users.