The BONK memecoin dropped 12% within 12 hours following Upbit's announcement to delist BONK trading pairs due to security risks and potential user harm. This triggered a 270% surge in trading volume and increased sell pressure, intensifying bearish sentiment. BONK's price fell below key support levels, raising the possibility of a short squeeze and a temporary bounce before further declines if Bitcoin also weakens. The delisting highlights growing caution around memecoins amid security concerns.
BONK, a memecoin, has dropped about 10% in 24 hours, reaching new all-time lows on major exchanges like Binance and OKX. The token is down 66% year-to-date and 39% in the last month, with increasing short positions and a negative funding rate indicat...
South Korean crypto exchange Upbit will delist the meme coin BONK from its BONK/KRW and BONK/USDT markets on September 7 due to unresolved security concerns and inadequate disclosure by the project. Trading will end at 15:00 KST on that day, but user...
South Korea's Upbit exchange will delist the Bonk (BONK) meme coin on September 7, ending its KRW and USDT trading pairs. This decision follows a security incident and failure by BONK's operators to disclose key information, leading Upbit to conclude...
