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7/7/2026 1:53:00 AM

Bonk: Governance Attack Drains $21M Treasury

Bonk: Governance Attack Drains $21M Treasury

Bonk treasury loses $21M after malicious vote; price drops 9% as attacker shifts $148K to OKX amid bearish 4h signals.

Source

Analysis

Bonk suffered a malicious governance vote that drained roughly $21M from its treasury, sending the token price down 9% while the attacker routed $148K worth onto OKX.

Price sits at $0.0 inside the Bollinger band with EMA50 and EMA200 both at $0.0 acting as layered resistance; the MACD death cross at -0.0 keeps downside pressure intact while RSI at 43.55 offers no oversold relief, pointing to further tests of the lower band support at $0.0 before any stabilization.


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