Knocked Back by Wallet Drainer Incident on Official Domain

• • Technically on the 4-hour chart, the BONK price is experiencing a rejection after failing to break the supply area above $0.00000620 and is sliding back down., This downward action is triggered by terrible fundamental sentiment: the bonk.fun domain and team accounts were reportedly hijacked by hackers to launch a crypto wallet drainer attack.

Market sentiment is heavily hammered by the news of the team account hack and bonk.fun domain hijacking for a wallet drainer scheme. Fear of losing funds caused the community and retail investors to panic sell, sinking any technical recovery attempts. On the chart, the buyers' failure to pierce the upper resistance proves that selling pressure (hacking FUD) dominates the current market direction.

If the $0.00000550 level fails to hold the decline, the BONK price could plunge deeper to find a new liquidity bottom. Security exploit news often leaves a long-term negative stigma (FUD) that makes the recovery of meme coins take a long time.