Bonk $BONK Slips to $0.0000077; Burn Proposal Passes.
What's Happening:
BONK trades at $0.00000771 (-1.03%) as Solana's dog coin cools off.
Governance remains active with the recent burn proposal passing, reducing supply.
First BONK ETP on SIX Swiss Exchange provides a long-term institutional ramp.
Social sentiment is stable relative to price action.
Why It Matters:
ETPs are the gateway drug for institutions. Bonk becoming the first Solana memecoin to get one is a massive first-mover advantage. The burn mechanism adds a deflationary pressure that could pay off when demand returns.
Technical View:
$0.0000075 is the floor. Breaks above $0.0000080 triggers a potential reversal. RSI is neutral to bearish.
🎯 Key Levels:
Support: $0.00000750 | Resistance: $0.00000800
24h Range: $0.00000765 - $0.00000786
💡 "The dog of Solana now wears a Swiss suit. Institutional dog money."
What's your take? Drop a 🔥 for bullish, ❄️ for bearish 👇
#Bonk #BONK #Solana #CryptoETP #MemeCoin
Disclaimer: This content is for educational purposes only and should not be considered financial advice. Always do your own research (DYOR) before making any investment decisions.
