BONK is currently trading at $0.000004113 as of July 14, 2026, representing a 6.72% decline in 24 hours and 10.8% weekly drop. The token has a $361.7 million market capitalization with $20.8 million daily trading volume, which accounts for approximately 5.7% of market cap. According to CoinGecko data, the price action reflects the ongoing recovery efforts following the $20 million governance attack that occurred on July 6. The token's 29% decline in daily volume from the previous day indicates thinning liquidity as the market absorbs the stolen supply overhang. However, recent developments show daily trading volume increased by 120% and Open Interest spiked by 30% in 24 hours, suggesting extreme selling pressure despite the price decline.
Following the $20 million governance attack on July 6, BonkDAO has issued a comprehensive community update confirming that BONK tokens and user funds remain secure despite the treasury theft. According to the DAO's latest statement, the organization has flagged involved wallets and is actively pursuing recovery efforts through ongoing monitoring tools. The team emphasized that BONK remains safe to hold, use, and trade while recovery operations continue around the clock. Some centralized exchanges have implemented temporary restrictions on BONK deposits and withdrawals as precautionary measures to prevent movement of affected treasury funds and protect the broader community during the recovery process.
On July 6, an attacker successfully drained approximately $20 million worth of BONK from BonkDAO treasury through a valid governance proposal. According to BonkDAO's official disclosure, the attacker spent about $4.4 million to accumulate sufficient BONK voting power and passed a proposal that transferred 4.43 trillion BONK to a wallet they controlled. The proposal, titled BIP #76 and submitted on June 30, remained active for six days before execution, during which the attacker methodically purchased BONK through exchange wallets to clear the quorum threshold. The attack exploited BonkDAO's design where 15% of BONK's total supply is held in the treasury and governs through on-chain voting, where token deposits equal voting power.
The stolen tokens were tracked moving toward exchanges, prompting Upbit, the major South Korean venue, to suspend BONK deposits and withdrawals. According to crypto.news, the attack caused BONK to fall between 8-10% on disclosure, with the token trading around $400 million market capitalization. The $20 million stolen represents approximately 5.5% of BONK's market cap, creating significant sell pressure as the stolen tokens must exit through the same market channels. BonkDAO is coordinating with exchanges, the Solana Foundation, and law enforcement to trace the stolen funds and restore normal operations. The DAO acknowledged that temporary exchange restrictions may cause inconvenience and is working with exchanges to restore normal operations as quickly as possible.
From a technical perspective, support is identified at $0.0000040 (the floor of the last seven days, with $0.000003953 being the week's low), while resistance stands at $0.0000047 (the top of the same range). The 5.7% turnover ratio and falling volume indicate a medium-width exit door that cannot absorb large forced sellers without significant price pressure. The $20.8 million daily volume represents a 29% decline from the previous day, suggesting thinning liquidity. The $20 million stolen supply represents 5.5% of market cap, which analysts consider bounded rather than a mortal wound, though the token already trades 92.9% below its November 2024 all-time high of $0.00005825. The OBV slid to new lows for the year to showcase relentless selling pressure, while the RSI on the 1-day chart did not yet reach oversold territory. Analysts predict another 18% BONK drop with the next price target at $0.00000287, which represents the 23.6% southward Fibonacci extension level.
