The post Bonk (BONK) Price Prediction: BONK Tumbles Over 11% Despite Solana Validator Deal—Is the Meme Coin Losing Steam? appeared on BitcoinEthereumNews.com.

Bonk (BONK), the Solana-based meme coin that once captivated traders with its viral community and meme-fueled momentum, is now facing renewed skepticism from investors. Despite a headline-grabbing partnership with DeFi Development Corp. to operate a Solana validator node, BONK has dropped over 11% in the past week, raising concerns about its short-term outlook and long-term sustainability. BONK Sinks Despite Strategic Partnership with DeFi Development Corp The Bonk crypto project announced on Friday a strategic partnership with DeFi Development Corp, a publicly traded company (NASDAQ: DFDV) focused on Solana infrastructure. The deal involves co-launching and operating a Solana validator, with both parties sharing rewards from node operations. DeFi Development Corp. and Bonk team up to launch a Solana validator, boosting SOL buys and expanding BONK’s ecosystem role. Source: BUKANOV via X “This validator partnership is a natural next step in BONK’s mission to empower our community and accelerate the adoption of Solana,” said Nom, a core contributor to BONK. “By teaming up with DeFi Dev Corp., we’re not only reinforcing the decentralized infrastructure of Solana but also creating a new standard for how community tokens can scale and sustain their ecosystems.” However, the Bonk price chart tells a different story, even as the network growth and validator decentralization efforts suggest a bullish outlook. BONK Price Action Faces Resistance After Rally According to Bonk price analysis, the token fell 4% in the 24 hours following the validator announcement, extending its weekly decline to over 11%. At the time of writing, BONK still maintains a 70% gain over the past month, but momentum is fading as market sentiment cools. DeFi Development Corp and Bonk team up to launch a Solana validator, boosting SOL buys and expanding BONK’s ecosystem role. Source: ZelfTrade on TradingView This latest slump casts doubt on whether BONK can maintain…

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Filed under: News - @ May 17, 2025 11:09 pm