BONK lost another 11% this week, trading at about $0.00000485 at press time — down 5.5% in the last 24 hours alone. The slide comes even as the project announced a partnership with PartyBet, a Telegram-based sports prediction and casino platform, and relaunched its BONKUJI token with a 90% card-value buyback mechanism on June 3. The market doesn't seem impressed.
Price action and market backdrop
The 14-day decline now sits at 20.7%, and the monthly loss is 23.3%. Over the past year, BONK has shed more than 71% of its value. Bitcoin fell roughly 5% on the same day, dragging the broader market, but memecoins have been hit especially hard in recent weeks. BONK's key support level is at $0.00000470 — a level traders are watching closely given the persistent selling pressure. Daily volume came in at about $42.7 million over the latest 24-hour period, down from the peaks seen in earlier phases of the meme-coin cycle.
The PartyBet deal and BONKUJI revamp
On the news front, BONK isn't quiet. The partnership with PartyBet brings a Telegram-native prediction and casino platform into the ecosystem, an area that has drawn interest from crypto projects looking for real use cases. Separately, the relaunch of BONKUJI on June 3 introduced a 90% card-value buyback — meaning users can redeem tokens for near-mint value, a mechanism designed to reduce circulating supply and theoretically boost price. So far, the market hasn't rallied on either announcement.
What traders are watching
On the chart, analyst SpearTrades pegs $0.00000614 as an important upside resistance level, with a second target near $0.00001048. Another analyst, Sjuul of AltCryptoGems, points to a potential bullish 'Power of Three' formation forming on BONK's chart — a pattern that can precede a breakout if it holds. But with the token trading well below those levels and macro headwinds from Bitcoin, the setup remains fragile.
BONK still ranks as the most trending cryptocurrency on various platforms, a reminder that attention hasn't faded even as the price keeps falling. Whether that attention translates into buying pressure — and whether the PartyBet partnership or BONKUJI buyback can flip sentiment — is the open question heading into next week.
