In This Article
BONK trades near $0.059869 after a volatile month marked by ecosystem risks and mixed institutional sentiment. The altcoin holds a fragile support level that defines the next trend phase. If this support cracks, BONK could extend its decline, but if it holds, the setup may spark its next upside sequence. Traders now watch for clear signals from both technicals and ecosystem developments.
The market’s mood shifted after Upbit confirmed it would resume operations on December 1 following a $37 million exploit. The hack targeted Solana-based assets, including BONK, which intensified short-term selling. That raises the question: can BONK detach from Solana’s temporary instability?
Institutional Products Highlight BONK’s Growing Legitimacy
Swiss ETP Launch Meets Resistance
Bitcoin Capital introduced a BONK ETP on Switzerland’s SIX exchange, giving traditional investors exposure without direct token custody. Despite the milestone, BONK dropped more than 9% that same day.
Why did sentiment decline despite stronger institutional access? Price action broke below key support at $0.00000936 as traders exited positions amid heavy volume. The pattern shows how BONK still reacts more to technical weakness than structural adoption.
Key takeaways:
Institutional access improves long-term appeal.
Technical pressure overshadowed the ETP’s impact.
Traders now wait for stability above local support to validate the rebound.
DOGE’s ETF approval has pushed speculation toward BONK becoming a future regulated candidate. T. Rowe Price added BONK to a crypto ETF filing, and Grayscale evaluated it for future products.
This brings up an interesting point: could BONK eventually join the group of regulated memecoin assets? The path remains uncertain, yet the presence of BONK in institutional documents hints at rising recognition.
Solana Ecosystem Shaken by Upbit Hack
The November 27 Upbit hack pressured SOL-linked assets, with BONK reacting sharply as users awaited deposit restarts and new wallet-address guidelines. With the Lazarus Group suspected of involvement, security concerns elevated across the ecosystem.
A few notable impacts:
Forced wallet resets created temporary transactional friction.
Sell-pressure increased across Solana tokens.
Traders questioned whether BONK could detach from SOL’s sentiment.
Even with turbulence, BONK shows resilience near its long-term support. But is that enough to spark a full recovery wave?
Codebase Progress Strengthens Utility
Locked Wallet Snapshot System
Bonk introduced weekly JSON snapshots to track token-locking activities across 1-, 3-, and 6-month durations. This creates transparency around rewards and airdrop eligibility.
Why does this matter?
It boosts confidence in the locking system.
It encourages long-term commitment.
It reduces circulating supply as more tokens enter lock durations.
The system prevents duplicate entries and timestamps each file for easy auditing. That level of clarity helps BONK build trust with its community.
Expanded Rewards Infrastructure
Updates to BONK’s staking and governance tools allow users to earn yields, access NFTs, and participate in decentralized decisions. Dynamic APY adjustments now reflect total value locked, while integration with Solana’s validator network improves decentralization.
These upgrades raise a compelling question: Does stronger utility support BONK’s long-term valuation story?
Technical Outlook: Make-or-Break Level
BONK holds at critical long-term support. Buyers attempt to form a rebound structure after heavy pressure. The next key upside targets stand at:
Source: X
$0.00001080
$0.00001100
$0.00001380
However, if support weakens, the price may slide lower, especially if volume fades. BONK sits at a decisive moment where sentiment could shift rapidly.
BONK Price Prediction Table
| Month | Predicted Price (USDT) | Comment |
|---|---|---|
| November 2025 | $0.000009051 | Decision zone, watch $0.00000800–$0.00000950 |
| December 2025 | $0.00001200 | Potential rebound if support holds |
