BONK navigated sharp swings over the last 24 hours, fluctuating between $0.00001991 and $0.00002123, a 45% trading spread that underscored heightened volatility.

Selling pressure intensified late on Tuesday amid a scheduled $11.41 million token unlock, with the token dropping from $0.00002102 to a low of $0.00001991 at 21:00 UTC. This move was accompanied by a volume spike surpassing 1.15 trillion tokens, according to CoinDesk Research’s technical analysis data model.

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