Market Overview
The meme‑coin Bonk traded at $0.0000088084 on 30 November 2025, marking a decline from its 52‑week high of $0.0000485904 reached on 7 December 2024. Its 52‑week low stood at $0.00000573656 on 9 October 2025. Bonk’s market capitalization was reported as $720,261,336.138.
Recent Developments
Technical Breakdown Overshadows Swiss ETP Debut
On 1 December 2025 at 16:26:38 UTC, cryptopanic.com reported that Bonk’s price fell by 9 %. Technical analysis indicated a breakdown in the coin’s price trend, which attracted the attention of investors. This negative signal coincided with the announcement of Bonk’s debut in the Swiss exchange‑traded product (ETP) market. The technical breakdown appeared to dominate market sentiment, causing the decline despite the potential positive impact of the ETP listing.
ETF Momentum in the Meme‑Coin Sector
Earlier that day, bitcoinist.com reported on the entry of Dogecoin into the ETF market. The article highlighted that this development could open the door for other meme‑coins, including Shiba Inu and Bonk, to pursue regulated products. The coverage suggested that the achievement of a regulated product for Dogecoin may shift attention toward Bonk’s prospects for similar institutional adoption.
Broader Market Context
Decrypt’s Morning Minute on 1 December 2025 noted a sell‑off across major crypto assets, with Bitcoin’s gains from the previous week erasing. Although the piece focused on Bitcoin, the broader market volatility may have influenced Bonk’s performance, especially in the context of the technical breakdown cited by cryptopanic.com.
Exchange Resumption and Security Incident
On 30 November 2025, cryptopolitan.com reported that South Korea’s largest cryptocurrency exchange, Upbit, would resume deposit and withdrawal services on 1 December 2025 after a hack that involved the theft of $36.8 million in Solana‑based assets, including Bonk. The security breach, linked to a North‑Korea‑related actor, resulted in the unauthorized withdrawal of 54 billion Korean won (approximately $36.8 million) in SOL, USDC, and over 20 other Solana tokens such as BONK, JUP, RAY, ORCA, RENDER, PYTH, and TRUMP. Upbit’s phased restart began at 13:00 KST on 1 December 2025.
Impact on Bonk
The convergence of several factors likely contributed to Bonk’s recent price decline:
- Technical Breakdown – A 9 % drop triggered by negative technical indicators.
- ETF Market Dynamics – Shifts in investor focus toward regulated products following Dogecoin’s ETF debut.
- Security Concerns – The Upbit hack involving Bonk may have raised risk perceptions among holders and traders.
- General Market Volatility – A broader sell‑off in major crypto assets, as reported by Decrypt, could have exacerbated price pressure on Bonk.
Conclusion
As of 1 December 2025, Bonk faced a combination of technical, regulatory, security, and market‑wide factors that collectively influenced its valuation. The coin’s performance reflects the sensitivity of meme‑coins to short‑term technical signals, institutional developments, and security events within the broader cryptocurrency ecosystem.
