BONK: Holder Sends 400B Tokens to Coinbase

BONK fell 41% to $0.0000027 after a wallet drained 4.426 trillion tokens worth $21.2 million from the treasury via governance vote, sending 2.426 trillion already to CEX venues.

The same address just moved another 400 billion BONK ($1.11 million) to Coinbase, extending the slide another 7% in hours.

Price action on the 4h chart shows a bearish structure with price pressing the lower Bollinger Band support at $0.0 while EMA50 and EMA200 both sit at $0.0 as firm resistance overhead; MACD remains in death cross territory at -0.0, yet RSI(14) at 21.93 signals deep oversold conditions that often precede short-term bounces before the next leg lower.