The asset's value plummeted as investors dumped BONK.



A further decline in memcoin value could result from heightened investor scepticism caused by mounting selling pressure on BONK.



After plunging 40% in two weeks, the BONK price has been in a downturn for the last 18 days as a result of a lack of recovery momentum. This is supported by the Chaikin Money Flow (CMF) indicator. This metric tracks the inflow and outflow of funds into and from an asset using the blockchain. Market participants rely on it to gauge the trajectory and intensity of a trend.


$BONK