Bonk Coin Crashes 30%– What's Next for the Solana-Based Meme Coin?

The world of cryptocurrencies is nothing short of unpredictable and volatile. Bonk's price crashing 30% is a testament to that. Till now, 2025 has been a year of meme coins.

The world of cryptocurrencies is highly unpredictable and volatile, and BONK's recent 30% price crash serves as a testament to this fact. While 2025 has been largely defined by the performance of meme coins, tables have turned for one of the leading coins that were expected to make it big this year.

Solana Blockchain Impact

BONK, the first-ever dog-themed coin on the Solana network, was bound to garner attention from the moment of its launch. As 2025 began, a few coins were anticipated to have a remarkable year ahead, and what better way to top that list than a meme coin? Launched in December 2022, this lucky coin managed to boost the value of the Solana token by an impressive 34% higher in just 48 hours.

There's a reason why Bonk managed to grab so much attention from trading communities of all kinds, especially those centered around meme coins and Solana (SOL). As 2022 saw Solana spearheading the initiative to create an ecosystem of decentralized exchanges - a dream now shared by Dawgz and Lightchain - this sub-token on the network was the prime candidate to aid Solana. But now, Bonk has a unique identity separate from the activity of its blockchain network.

A Staggering Price Drop, Likely To Continue?

It's hard to miss the bearish outlook on Bonk's weekly charts. The meme coin began February with a sharp 29% decline. Against hopes of it recovering from this downturn, the meme coin fell further this week.

Tragically, the weekly market candle indicates an over 8% pullback after reaching a weekly low. Amidst this bearish streak, Bonk did manage to make a slight recovery, with its price pulling up from $0.00001421 to $0.00001750. But the trading community expects much more from meme coins, especially those that are known to be capable of changing the fate of coins like Solana (SOL).

Recovery Around the Corner

A trigger that would help Bonk change its position is finally visible. In a matter of 8 to 10 weeks, Bonk can be back to its bullish streak again. It's no blank claim, especially considering a recent token burn announcement that compels traders to be hopeful once again.

Those who regularly follow and keep checking Bonk's official X account will know that the meme coin is currently celebrating the Lunar New Year and the Dragon Event. As traders around the world hope that this event can kindle the buying interest again, if the uptick starts in the coming 2 to 3 weeks, it could be an even greater year ahead for Bonk.

Trader's Intake

Bonk will be celebrating the lunar new year by burning 2025000000000 token units. Aggressive users can capitalize on this once-in-a-while opportunity.

So, the days of being stuck to your favorite stablecoin are over. Altcoins carry a risk but also offer rewards at the end of the risky corridor. Now, make your choice wisely.