BONK Slides 9% as Technical Breakdown Overshadows Swiss ETP Debut

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email BONK Slides 9% as Technical Breakdown Overshadows Swiss ETP Debut A new ETP listing in Switzerland failed to lift BONK as the memecoin fell to fresh cycle lows amid a sharp technical breach of key support. By Jamie Crawley , CD Analytics Dec 1, 2025, 4:26 p.m. What to know : BONK slid 9.32% to $0.000008805 during the last 24 hours , extending a steep decline that pushed the Solana-based memecoin to fresh cycle lows. The drop unfolded despite a notable milestone for the asset last week: Bitcoin Capital AG listed the first BONK exchange-traded product (ETP) on Switzerland’s SIX exchange on Nov. 27 . The breakdown began near $0.00000966 and accelerated through 00:00 UTC, where volume spiked to approximately 1.79 trillion tokens — about 144% above recent averages—as BONK fell through the key $0.00000936 support zone, according to CoinDesk Research's technical analysis data model. The decline extended toward $0.00000876, defining the day’s low and marking a continuation of the lower-highs pattern visible across the 24-hour chart. The trading range of roughly $0.00000142 represented nearly 15% intraday volatility, underscoring the heightened sensitivity of high-beta meme assets to technical inflection points. Price stabilized as volume tapered, narrowing movement to a tight band between $0.00000878 and $0.00000885. Short-term data showed a mild recovery attempt, with BONK forming slightly higher lows around the 14:00 UTC window and briefly ticking up to $0.00000881, though no decisive reversal was confirmed. The former $0.00000936 support level now serves as a significant overhead barrier, with interim resistance expected near $0.00000890 should recovery attempts continue. The day’s action illustrated a divergence between structural developments — such as ETP availability on a major European exchange — and immediate market behavior, which remained governed by chart-based dynamics and sector-wide weakness. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards . For more information, see CoinDesk's full AI Policy . AI Market Insights Technical Analysis More For You Protocol Research: GoPlus Security By CoinDesk Research Nov 14, 2025 Commissioned by GoPlus What to know : As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M. GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month. Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B. View Full Report More For You ICP Slides as Breakdown Below $4.00 Triggers Elevated Volatility By Jamie Crawley , CD Analytics 3 minutes ago Sharp 24-hour decline sends Internet Computer into fresh multi-day lows, with a high-volume support breach defining the session What to know : ICP fell from $3.98 to $3.69, extending a multi-day decline. Volume spikes reached nearly 3x the 24-hour average during the breakdown. Price stabilized between $3.55–$3.65 before a modest late-session rebound. Read full story Latest Crypto News ICP Slides as Breakdown Below $4.00 Triggers Elevated Volatility 3 minutes ago Digital Asset Treasuries Lead Crypto Stock Sell-Off as Bitcoin Falls to $84K 33 minutes ago European Authorities Seize $1.51B Bitcoin-Mixing Service Cryptomixer 54 minutes ago Canada Eyes Stablecoin Rules as Scotiabank Flags Limited Market Impact 1 hour ago Tom Lee's BitMine Acquires 97K ETH, Eyeing Fusaka Upgrade, Fed Policy as Positive Catalysts 2 hours ago CoinDesk 20 Performance Update: Bitcoin (BTC) Drops 5.7% as Index Trades Lower 2 hours ago Top Stories Digital Asset Treasuries Lead Crypto Stock Sell-Off as Bitcoin Falls to $84K 33 minutes ago Strategy Establishes $1.44B Cash Reserve, Slashes 2025 Profit, BTC Yield Targets 2 hours ago European Authorities Seize $1.51B Bitcoin-Mixing Service Cryptomixer 54 minutes ago Tom Lee's BitMine Acquires 97K ETH, Eyeing Fusaka Upgrade, Fed Policy as Positive Catalysts 2 hours ago Crypto Markets Today: Hawkish BOJ Comments Spur Sharp BTC Downturn 3 hours ago HashKey Leads Hong Kong’s Crypto Market as Losses Deepen Ahead of IPO 9 hours ago