BONK Price Crashes Over 9% Following a $20M Treasury Exploit—Is More Downside Ahead?

Story Highlights* BONK fell by over 8% after a $21.2 million BonkDAO treasury exploit, while negative funding rates reflected growing bearish sentiment among leveraged traders.

  • Despite the sell-off, rising Open Interest suggests traders are positioning for heightened volatility, making the $0.0000040 support crucial for BONK's next move.
BONK-6.78%
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