- Main event, leadership changes, market impact, financial shifts, or expert insights.
- BONK sees sharp decline but hints at stabilization.
- Solana-based memecoin tests key support level after drop.
BONK, a Solana-based memecoin, experienced a significant price drop, testing key support, with a notable late-session bounce suggesting potential stabilization as of August 13, 2025.
This event underscores the volatility in the memecoin market, reflecting potential influences from Safety Shot Inc.’s substantial BONK token acquisition, impacting broader market sentiment.
BONK, a memecoin operating on Solana, experienced a rapid price fall. It tested key support levels, with late-session buying indicating possible stabilization. This event reflects the token’s volatility and retail-driven nature, without direct comments from its anonymous developers.
Safety Shot Inc., a U.S.-listed beverage company, confirmed a $25 million BONK purchase. This move could influence long-term demand, as no detailed rationale was provided. No comment was available from major crypto figures or company leadership regarding the purchase.
The $25 million investment by Safety Shot emerges as a pivotal event within the memecoin ecosystem. Unlike the broader market, there was no contagion effect on other assets, specifically the Solana ecosystem or large cryptocurrencies like BTC or ETH.
“We see potential in the BONK ecosystem and believe our strategic acquisition will strengthen the market position for both parties.” – Safety Shot Inc., Investor Relations Department Safety Shot Announcement
Historical trends show BONK’s susceptibility to hype-driven influences with precedent events indicating a similar pattern. Technical analysis suggests this could lead to testing further support thresholds if the price movement pattern persists.
