BONK's price rose roughly

↗9%

over the past 24 hours while selling pressure remained elevated with 1.69x more sellers than buyers over the same period.

Trading activity expands despite selling pressure

Investor positions expanded roughly

↗12%

over the past week with the cost to hold positions at approximately 0.0081%, while market-wide forced closures of bearish bets were 2.3x higher than bullish bets over the past 24 hours.

Investor behavior shows mixed signals

As of the August 31 snapshot, investors were selling at a loss on average, while the network added 2,097 new holders over the same period.

Network activity remains steady

The network recorded 5,847 active addresses as of the latest snapshot with blockchain transaction volume at approximately $17M over the same period.

Daily gain contrasts with weekly decline

The roughly

↗9%

daily gain contrasts with a roughly

↘10%

weekly decline and a roughly

↘85%

yearly decline, reflecting short-term volatility within a longer-term downtrend.