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<p>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, the memecoin has already fallen 40%, adding fresh pressure to an already weakening trend.</p>
<h2 id="h-another-massive-bonk-sale-hits-market" class="wp-block-heading">Another Massive BONK Sale Hits Market</h2>
<p>The latest <a href="https://x.com/lookonchain/status/2078488999245791440?s=20" rel="noopener noreferrer nofollow">sale comes</a> from the same wallet that still holds 2.4 trillion BONK, currently worth around $6.94 million. That remaining balance has become another source of uncertainty, with traders watching closely for signs of additional selling.</p>
<p>Large token distributions don’t always translate into immediate market declines, but continued liquidation from a single holder can weigh heavily on sentiment, especially when the broader trend is already pointing lower.</p>
<figure class="wp-block-image size-large"><img width="1024" height="603" src="https://image.coinpedia.org/wp-content/uploads/2026/07/18213305/Screenshot-2026-07-18-090123-1024x603.webp">
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<h2 id="h-long-term-trend-remains-under-pressure" class="wp-block-heading">Long-Term Trend Remains Under Pressure</h2>
<p>The BONK price is currently trading near $0.00000272 after shedding roughly $0.00001000 since the beginning of 2026. Throughout the year, the token has struggled to produce a sustained recovery, and even June failed to interrupt the broader downtrend.</p>
<p>The recent decline following the treasury-related incident has only reinforced that weakness, leaving buyers with little evidence of a meaningful reversal so far.</p>
<h2 id="h-can-bonk-avoid-another-major-breakdown" class="wp-block-heading">Can BONK Avoid Another Major Breakdown?</h2>
<figure class="wp-block-image size-large"><img width="1024" height="643" src="https://image.coinpedia.org/wp-content/uploads/2026/07/18213332/BONKUSD_2026-07-18_09-03-01-1024x643.webp">
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<p>For now, the market structure remains fragile. If heavy selling resumes from the remaining holdings, the BONK price could continue trending lower. Under that scenario, the psychological level around $0.00000100 may become the next area traders watch.</p>
<p>Whether demand returns before additional tokens reach the market will likely determine if <a href="https://coinpedia.org/price-analysis/bonk-price-crashes-over-9-following-a-20m-treasury-exploit-is-more-downside-ahead/" rel="noopener noreferrer nofollow">BONK price</a> stabilizes or extends its decline in the sessions ahead.</p>

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

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