The cryptocurrency BONK has experienced a significant decline, sinking by 12%, as the meme token sector is confronted with a pronounced sell-off, indicating a broader trend of investors pulling back from this highly speculative market segment. This downturn reflects growing uncertainty and volatility among meme tokens, which have garnered attention for their unpredictable price movements and rapid swings in investor sentiment.
source: https://www.coindesk.com/markets/2025/07/30/bonk-sinks-12-as-meme-token-sector-faces-heavy-sell-off