BONK Falls 11% After Galaxy’s $18.75M Transfer Triggers Panic Selling
The cryptocurrency BONK took a sharp hit, dropping 11% in just 24 hours. This plunge followed a massive $18.75 million transfer by Galaxy Digital to centralized exchanges, sparking widespread panic among investors. While a 500 billion token burn aimed to boost value by cutting supply, the market spiraled instead, leaving many wondering what went wrong…