Bonk: $20M Treasury Drained in Governance Attack

Bonk suffered a $20 million treasury drain on Solana through a malicious governance attack reported July 6, 2026.

Price action on the 4h chart sits inside Bollinger Bands with EMA50 and EMA200 both at $0.0 acting as resistance while MACD registers a death cross at 0.0 and RSI(14) holds neutral at 44.54, pointing to continued downside pressure before any recovery attempt.