Bonk (BONK), the Solana-based meme coin, plunged through key support after a sharp sell-off, triggering a cascade of liquidations and pushing price into a high-volume demand region where seller exhaustion often emerges. Technicals cited in similar coverage point to deeply oversold momentum on lower timeframes, with RSI nearing exhaustion levels and price probing a critical psychological support band.

Solana’s memecoin Pudgy Penguins (PENGU) jumped 17% as the week kicked off, rebounding alongside a broader altcoin recovery. Despite the bounce, quarterly returns sit near -7% after a sharp drawdown. On the 3-hour chart, PENGU hovered around $0.026, with Bollinger Bands narrowing as volatility cooled, the MACD flipping bullish, and the Chaikin Money Flow (CMF) near 0.01.

The Trump crypto ecosystem has come under intense scrutiny as both the TRUMP token and World Liberty Financial (WLFI) face mounting controversies. The TRUMP memecoin is flashing red on risk dashboards, ranking among the highest in leverage exposure compared to other altcoins like Ethena (ENA), Arbitrum (ARB), and Maker (MKR). Heavy speculation in TRUMP has left traders vulnerable to mass liquidations, raising questions about the long-term sustainability of politically themed

Safety Shot (Nasdaq: SHOT) announced it is establishing a corporate treasury position in BONK through a strategic alliance with BONK founding contributors, receiving roughly $25 million worth of tokens. In exchange, the company is issuing $35 million of convertible preferred shares.

BONK, a Solana-based meme coin, has recently challenged the prevailing narrative of a massive $741 million sell-off driven by Pump.Fun, a popular meme coin launchpad. Instead of succumbing to downward pressure, BONK has seen a significant buying spree, with the LetsBONK community capturing over 54% of the market share.

A recent promotional event surrounding the Trump-themed cryptocurrency, known as the $TRUMP memecoin, has drawn both attention and criticism.