so bonk is still bleeding and it's not even mysterious this time, which almost feels rude.

back in early july some hacker got into the bonk dao and helped themselves to a fat stack of tokens straight out of the treasury.

upbit and bithumb pulled deposits and withdrawals for bonk starting july 7 and never turned them back on.

that alone should tell you how spicy this got.

now the attacker's wallet is just casually dumping bonk in chunks, another 800 billion tokens sold over the last day or so for a couple million bucks.

and get this, they're still sitting on 2.4 trillion bonk. trillion. with a t.

so every time the chart tries to breathe, here comes another truckload of stolen supply crashing the party.

price is down almost 6% and just grinding lower while the rest of the market is having a fine day.

meanwhile eth is pumping, btc etfs are getting fed again, everyone's vibing.

bonk holders are just staring at their bags waiting for the hacker to run out of tokens to sell.

nothing to do but wait for the overhang to clear. 💀