$BONK-USD

The meme coin sector is cooling, with Dogecoin, Shiba Inu, and Pepe retreating after recent rallies. Meanwhile, Apeing, a new project, has over 12,000 members on its whitelist, with a potential 100x price multiple. Established meme coins like Dogecoin and Shiba Inu still dominate trading attention, while smaller tokens like Pudgy Penguins and MEW have shown strong gains. The market is watching for stabilization or further selling pressure.

Ahead of the US presidential election, crypto investors are showing interest in meme coins BONK and Mpeppe (MPEPPE). The article says BONK is rising on community support, while MPEPPE is gaining traction via a planned online-gaming focus and claims of privacy, security, and transparent transactions. It reports BONK up 7.55% to $0.0000192, market cap $1.43B, volume $109.09M.

The article focuses on Solana meme token BONK, citing circulating supply of 87.99 trillion BONK, fixed max supply of 88.87 trillion, and about $23.32 million in 24-hour volume (Yahoo Finance). It outlines base-case price ranges for 2026-2030 and describes a July 6, 2026 BONKDAO governance attack where an attacker used voting power to transfer ~4.43 trillion BONK (~$20-21 million) from the treasury.

Upbit announced it will delist the Solana-based meme coin Bonk (BONK), ending support for BONK/KRW and BONK/USDT at 15:00 KST on Sept. 7 and canceling open orders. The exchange cited unresolved security concerns and delayed disclosure by operators. BONK fell to a Nov. 2023 low and traded near $0.00000264, down about 7%.

BonkDAO’s treasury was reportedly drained by about $20 million after a malicious governance vote passed via Realms, according to BonkDAO’s public statement, Solscan, and Realms proposal data. The report says Solana’s base layer was not compromised, pointing instead to DAO voter-weight and proposal mechanics that enabled treasury asset movement.

CoinDesk reports Bitcoin’s Coinbase Premium has stayed negative for 50 straight days, citing Coinglass data, suggesting weaker U.S. demand. It links this to eight straight weeks of net outflows from U.S. spot BTC ETFs and notes rising Japanese yields could pressure BTC. Analysts say ETF inflows are key; stablecoin market cap fell to $312B in June.

BONK fell about 8% after hackers allegedly drained nearly $20M from BonkDAO’s memecoin treasury. BonkDAO said a “malicious governance proposal” led to token losses and that it is coordinating with exchanges, bridges, and the Solana Foundation while notifying law enforcement. Chainalysis attributed the start to a June 30 proposal and said the attacker acquired ~$8M to pass it.

BonkDAO said an unknown actor stole about $20M in BONK tokens from its Solana treasury via a “malicious governance proposal,” and that it notified law enforcement and is working to recover funds. BONK was reported down ~7% over 24 hours to about $0.05. The article also notes broader memecoin market weakness.