Did Solana-based BONK drop by 97%? The Solana-based meme coin BONK (BONK) has seen dramatic price swings, making it a volatile asset for investors. While The Solana-based meme coin BONK (BONK) has quietly skyrocketed by 67% over the past week, staging an impressive comeback as the broader cryptocurrency market fluctuates, it\'s crucial to understand the bigger picture. Recently, a significant downturn has been observed. Has BONK really lost almost everything?

Reports indicate a concerning trend. Solana-based meme coin BONK has seen a significant decline, erasing all its gains from 2025 with a drop of approximately 76% from its peak. This downturn is attributed to various factors, including market sentiment and broader crypto corrections. The initial hype surrounding BONK seems to be fading, leading to substantial sell-offs.

But what about a 97% drop? While a 97% drop may be an exaggeration for the overall lifespan, some analyses highlight severe retracements from specific peaks. A recent chart analysis by a TradingView expert identified as ‘Cusdridge ’ sheds light on the extent of Bonk’s severe decline. According to the analyst, Bonk has round-tripped virtually all of its gains from certain periods. This emphasizes the inherent risk associated with investing in meme coins like BONK, where rapid gains can be followed by equally rapid losses.

It\'s essential to conduct thorough research and understand the risks involved before investing in any cryptocurrency, particularly volatile meme coins like BONK. Keep an eye on market trends, technical analyses, and news updates to make informed decisions and manage your investment effectively. Is BONK dead? It\'s too early to say, but caution is advised.