The Solana-based memecoin fell 3.94% to $0.000009492 after a failed breakout, with traders eyeing the Dec. 11 dYdX governance vote on BONK integration.
BONK declined 3.94% to $0.000009492, breaking below the psychological $0.00001000 level despite strong early-session momentum. Trading volume soared to 1.61 trillion tokens, 137% above the daily average, during an unsuccessful breakout attempt at $0.000010273. The rejection established a resistance ceiling that shaped the downward trend through the day. BONK later found support at $0.000009380 but struggled to recover. Market focus is turning to the Dec. 11 dYdX governance vote, which could grant BONK 50% of protocol trading fees in exchange for developing a dYdX Chain frontend, potentially expanding its utility.