BONK, a meme token based on Solana, has faced significant fluctuations over the past 24 hours, experiencing both sell-offs and accumulation. The token fluctuated between $0.0000197 and $0.0000212, ultimately stabilizing around $0.0000205.

The highest selling activity took place during the evening of August 25, when the price dropped by 5%, from $0.0000208 to $0.0000197, with trading volumes surpassing 1.8 trillion tokens, significantly above daily averages as reported by CoinDesk Research’s technical analysis model.

Buyers returned at these levels, creating technical support around $0.0000197 and pushing prices back into a narrow range between $0.0000203 and $0.0000205. Corporate involvement has boosted market confidence considerably. Safety Shot Inc., a publicly traded firm, confirmed a financing package of $30 million on August 25, with $25 million in BONK tokens, indicating a growing acceptance of meme coins within broader corporate finance strategies.

The token showed resilience with a small increase to $0.0000204, and a spike in trading activity was observed between 11:49 and 11:56 UTC, with over 17.5 billion tokens exchanged. This suggests that liquidity remains substantial even during periods of price consolidation.

This blend of institutional interest and increased volatility positions BONK as a notable meme token in the Solana ecosystem.