The post BONK’s on-chain strength vs. dipping price – What’s going on? appeared on BitcoinEthereumNews.com. Key Takeaways Why did BONK’s price drop despite rising activity? Spot Taker CVD showed consistent selling, while Futures traders stayed neutral, keeping BONK’s price under bearish pressure. What supports BONK’s long-term upside potential? Nearly 1 million holders, 25% launchpad share, and higher burn rates suggested BONK could recover if demand aligns with shrinking supply. Bonk [BONK] rebuilt itself by introducing a utility feature to work around the dwindling attention. The hype around BONK had faded with the emergence of AI in the creation and trading of crypto tokens. However, the introduction of the LetsBONKfun platform, which serves as a Solana [SOL]-based launchpad, brought about a significant turnaround. It attracted institutional collaboration, like the integration of USD1, allowing the use of the stablecoin as a base pair. The activity on the network surged, despite price action not responding with similar zeal. What are the indications of this surging chain activity? Activity surges, impact on its tokenomics The Solana Post reported BONK holders neared 1 million, with fewer than 20,000 left. It indicated a growing community, particularly after launching the LetsBONKfun platform. The Fed had cut rates, and post-FOMC profit-taking had taken place. Thus, smart money remained glued to the potential of BONK. Stalkchain showed BONK was the most accumulated token by smart money in the last 24 hours, with nearly $250,000 flowing in. That’s ahead of Jupiter [JUP], Coinbase’s cbBTC, and others. BONK supply was reducing day by day, thanks to the burn mechanism generated by the platform’s revenue. Source: Blockworks DefiLlama data confirmed revenue share to burning rose from 35% to 50%, while LetsBONKfun collected $20.9 million in fees and $12.57 million in revenue annually. BONK’s supply declined daily, tightening tokenomics. That shift set up BONK to grab 25% launchpad market share, while Pump.fun [PUMP] still led with 65% . Despite… The post BONK’s on-chain strength vs. dipping price – What’s going on? appeared on BitcoinEthereumNews.com. Key Takeaways Why did BONK’s price drop despite rising activity? Spot Taker CVD showed consistent selling, while Futures traders stayed neutral, keeping BONK’s price under bearish pressure. What supports BONK’s long-term upside potential? Nearly 1 million holders, 25% launchpad share, and higher burn rates suggested BONK could recover if demand aligns with shrinking supply. Bonk [BONK] rebuilt itself by introducing a utility feature to work around the dwindling attention. The hype around BONK had faded with the emergence of AI in the creation and trading of crypto tokens. However, the introduction of the LetsBONKfun platform, which serves as a Solana [SOL]-based launchpad, brought about a significant turnaround. It attracted institutional collaboration, like the integration of USD1, allowing the use of the stablecoin as a base pair. The activity on the network surged, despite price action not responding with similar zeal. What are the indications of this surging chain activity? Activity surges, impact on its tokenomics The Solana Post reported BONK holders neared 1 million, with fewer than 20,000 left. It indicated a growing community, particularly after launching the LetsBONKfun platform. The Fed had cut rates, and post-FOMC profit-taking had taken place. Thus, smart money remained glued to the potential of BONK. Stalkchain showed BONK was the most accumulated token by smart money in the last 24 hours, with nearly $250,000 flowing in. That’s ahead of Jupiter [JUP], Coinbase’s cbBTC, and others. BONK supply was reducing day by day, thanks to the burn mechanism generated by the platform’s revenue. Source: Blockworks DefiLlama data confirmed revenue share to burning rose from 35% to 50%, while LetsBONKfun collected $20.9 million in fees and $12.57 million in revenue annually. BONK’s supply declined daily, tightening tokenomics. That shift set up BONK to grab 25% launchpad market share, while Pump.fun [PUMP] still led with 65% . Despite…