BONK meme coin drops 40%, hitting monthly low as investor sentiment turns bearish
A lack of faith in the future of BONK, a meme coin, has been indicated by the fact that its price has dropped by over 40% this month. The change in emotion is reflected in the financing rate, which reveals an increase in short positions, which gives the impression that negative expectations are present. Contrarian investors believe that this negativity presents an opportunity, as they believe that increased fear and