🚨BONK UPDATE BEAR OR BULLISH???

💀Bonk coin’s 15% drop today is largely attributed to profit-taking activities within the Solana ecosystem. After a period of significant gains, traders are cashing out to potentially invest in newer opportunities . Additionally, the wider memecoin market has been experiencing outflows, with other popular tokens like Dogecoin and Shiba Inu also seeing substantial losses . The overall weakness in the cryptocurrency market, influenced by broader macroeconomic factors and recent stock market declines, has exacerbated this downward trend$BONK $ETH $BTC #BONKKILLER #bonk #memecoin #Bullrun