{"id":7464,"date":"2025-08-11T17:57:05","date_gmt":"2025-08-11T17:57:05","guid":{"rendered":"https:\/\/bitunikey.com\/news\/will-bonk-price-rebound-as-smart-money-buying-accelerates\/"},"modified":"2025-08-11T17:57:16","modified_gmt":"2025-08-11T17:57:16","slug":"will-bonk-price-rebound-as-smart-money-buying-accelerates","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/will-bonk-price-rebound-as-smart-money-buying-accelerates\/","title":{"rendered":"Will Bonk price rebound as smart money buying accelerates?"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Bonk price remains under pressure this week after falling by 35% from the year-to-date high, even as smart money investors continue their accumulation.<\/p>\n<div id=\"cn-block-summary-block_b53b0dfc33ccb439f2eafa7aff1951fd\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Bonk price has plunged into a bear market after falling by 35% from the year-to-date high.<\/li>\n<li>Smart money holdings have jumped by 317% in the last 30 days.<\/li>\n<li>Technical analysis points to an eventual rebound, potentially to the YTD high.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Bonk (BONK) token was trading at $0.00002655 on Monday, Aug. 11, bringing its market capitalization of over $2.15 billion.\u00a0<\/p>\n<h2 class=\"wp-block-heading\">Smart money investors buy as whales dump<\/h2>\n<p>Nansen <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/app.nansen.ai\/token-god-mode?tokenAddress=DezXAZ8z7PnrnRJjz3wXBoRgixCa6xjnB7YaB1pPB263&amp;chain=solana&amp;tab=whales\" target=\"_blank\">data<\/a> shows that smart money investors have taken opposing positions in recent months. Smart money investors have boosted their Bonk holdings to 30.42 billion, up by 317% in the last 30 days. It was the most purchased token by these investors, with $373,000 worth bought.<\/p>\n<p>Whales, on the other hand, hold 2.06 trillion tokens, down from this month\u2019s high of 2.17 trillion.\u00a0<\/p>\n<p>Smart money investors are those with a record of executing profitable trades, while whales hold large amounts of tokens that can significantly impact the price.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>CoinGecko data shows that Bonk\u2019s daily volume has pulled back to $500 million, while its futures open interest dropped to $36 million, down from Sunday\u2019s $43 million.<\/p>\n<p>Falling open interest and volume can signal accumulation, which can lead to further gains. Another bullish catalyst is that the weighted funding rate has remained positive since July 31. A positive funding rate indicates that investors anticipate the price to rebound.<\/p>\n<p>Investors have also been pulling Bonk tokens from exchanges, with exchange outflows recorded for the past five consecutive days, a sign of continued accumulation.<\/p>\n<h2 class=\"wp-block-heading\">Bonk price technical analysis<\/h2>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Bonk price chart | Source: crypto.news<\/figcaption><\/figure>\n<p>The daily chart shows that Bonk dropped to $0.000008953 in March and formed a small double-bottom pattern. A double bottom is characterized by two lower swings and a neckline at $0.00001543. The token then peaked at $0.00004060 in July before pulling back to the current $0.00002575.<\/p>\n<p>Bonk has retested the crucial support level at $0.00002575, its highest point in May. A break-and-retest pattern is a common continuation signal.<\/p>\n<p>It has also formed a golden cross pattern as the 50-day and 200-day Exponential Moving Averages crossed each other, along with a mean reversion after retesting the 200-day EMA.<\/p>\n<p>Therefore, Bonk will likely rebound and retest the resistance at $0.000040, up by 55% from the current level. This bullish forecast will be invalidated if it falls below the support at $0.00002338.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bonk price remains under pressure this week after falling by 35% from the year-to-date high, even as smart money investors continue their accumulation. Summary Bonk price has plunged into a&hellip;<\/p>\n","protected":false},"author":1,"featured_media":330,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-7464","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/7464","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=7464"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/7464\/revisions"}],"predecessor-version":[{"id":7465,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/7464\/revisions\/7465"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/330"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=7464"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=7464"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=7464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}