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

By July 18, 20261 min read0 Comments

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, …

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