Timeline of the Decline
January 2023
$0.000004
All-Time High - Peak euphoria
February 2023
$0.000001
Post-hype selloff begins
March 2023
$0.0000002
First meme cycle exhaustion
Current
$0.00003
Post-collapse trading
What Went Wrong
-
Meme Coin Volatility
As a meme coin with no utility, BONK is extremely volatile and subject to speculative cycles.
-
Initial Airdrop Dumping
Large airdrop recipients sold their free tokens, creating significant downward pressure.
-
Solana Ecosystem Recovery
BONK was launched during Solana's darkest hour (post-FTX). Its survival depends on Solana's recovery.