<ul><li>BONK has dropped over 11% in the past week despite a strategic partnership with DeFi Development Corp. to operate a Solana validator node, raising concerns about its short-term outlook and sustainability.</li><li>The alliance between DeFi Development Corp. and Bonk aimed at launching a Solana validator to boost SOL purchases and expand BONK’s ecosystem role, yet the token experienced a 4% decline following the announcement.</li><li>Traders are analyzing BONK's technical indicators for signs of a trend reversal, as weakening RSI and declining trading volume suggest reduced buying strength, hinting at a potential pullback or breakout scenario.</li><li>Despite BONK's 70% gain over the past month, the ongoing market sentiment and skepticism towards meme coins raise doubts about BONK's future trajectory and whether it can transform its recent infrastructure developments into tangible user engagement.</li></ul>

Bonk (BONK) Price Prediction: BONK Tumbles Over 11% Despite Solana Validator Deal—Is the Meme Coin Losing Steam?

Discover more