BONK climbed roughly

↗2.6%

in the past hour as trading activity surged approximately

↗369%

over the past week, but more people are selling than buying—raising questions about staying power.

Rally on heavy volume but thin conviction

BONK rose roughly

↗2.6%

in the past hour while trading activity surged approximately

↗369%

over the past week, yet the number of active traders fell around

↘9%

over the past day, suggesting the move is driven by committed participants rather than broad interest.

Selling pressure dominates activity

Even as price climbed, roughly 1.7 times more people sold BONK than bought it over the past day, with blockchain data showing investors selling at a loss as fear dominates short-term sentiment.

Memecoin sector shows mixed signals

Memecoins like BONK gained roughly

↗1.6%

as a group today while the broader crypto market rose approximately

↗0.7%

, though the category's declining interest from buyers suggests the rally may be driven by momentum rather than conviction.