BONK declined roughly

↘2%

over the past day as selling pressure intensified, with approximately 1.9 times more sellers than buyers over the past 24 hours.

Trading activity slows

Trading volume declined roughly

↘18%

over the past day while traders paid to hold short positions, with the current funding rate at -0.01% (around -15% yearly) and open interest declining roughly

↘3%

.

Market-wide liquidations rise

Across the broader market, long position liquidations totaled approximately $328M over the past 24 hours, roughly 4.2 times higher than short liquidations over the same period.

Liquidity remains limited

With liquidity at approximately 0.01% of market value, the asset carries higher price impact risk for larger trades, though the holder count stands at over 1 million addresses.