The crash not solely uncovered fragility in meme coin liquidity but in addition highlighted potential alternatives for long-term believers in meme token Bonk (BONK).
The $15 Million Meltdown
Unipcs revealed that he suffered a $15 million loss after excessive volatility worn out his leveraged positions in Bonk (BONK) and Fartcoin (FARTCOIN).
Whereas Bitcoin (BTC) and Ethereum (ETH) noticed average declines of round 13%, altcoins and meme tokens plunged by as a lot as 70%–99% inside minutes.
‘the LORD gave, and the LORD hath taken away; blessed be the identify of the LORD’ — Job 1:21
yesterday’s liquidation occasion is essentially the most brutal i’ve witnessed in my time in crypto
i obtained worn out on ALL my perps positions
actually the whole lot
eight figures: $30 million+ at peak… pic.twitter.com/EvOmaZT0rZ
— Unipcs (aka ‘Bonk Man’) 🎒 (@theunipcs) October 11, 2025
The occasion was largely confined to centralized exchanges, suggesting a liquidity or market-maker malfunction slightly than a systemic market-wide collapse.
Reviews surfaced that stop-loss orders failed, margin additions grew to become not possible, and cascading liquidations accelerated the wipeout.
Regardless of the loss, Unipcs maintained optimism, stating he would overhaul his buying and selling frameworks, chopping leverage, strengthening threat controls, and safeguarding positions from exchange-level failures.
He remained assured in a possible This fall restoration rally and the broader crypto cycle’s long-term revenue potential.
BONK Worth Evaluation: Huge Restoration Setup?
Bonk (BONK), one in every of Solana’s most unstable meme tokens, has entered an important accumulation part after an prolonged downtrend.
As proven within the weekly chart, BONK is buying and selling close to the $0.000015 zone, at present forming a descending wedge sample, a construction typically previous main reversals.
The worth not too long ago retested its long-term assist between $0.000010–$0.000012, an space that has traditionally triggered sturdy rebounds.
The RSI stands round 42, suggesting BONK is nearing oversold territory, whereas the MACD is flattening, hinting at bearish exhaustion.
Supply: TradingView
If bulls defend this key assist and BONK breaks above the descending resistance line close to $0.000020, the following main goal lies at $0.00010, representing a possible 539% rally from present ranges.
Then again, failure to carry above $0.000010 may set off one other 30–40% correction earlier than long-term consumers step in.
Purchase the Dip Alternative
Traditionally, excessive drawdowns have preceded outsized recoveries as soon as liquidity stabilizes and market sentiment rebounds.
BONK’s affiliation with the Solana ecosystem, mixed with rising developer and retail exercise, provides a speculative however promising basis for restoration.
For disciplined buyers, this could possibly be a traditional “buy-the-dip” setup forward of a possible market resurgence.
BONK Shopping for Window Closing, $SNORT Presale on a Exceptional Run
Whereas the BONK shopping for window is perhaps closing, Snorter Bot ($SNORT) is positioning itself as a contemporary addition to the rising world of Telegram-based buying and selling instruments, aiming to simplify how customers purchase, promote, and handle cryptocurrencies.
The bot launches first on Solana, one of many quickest and most cost-efficient blockchains, with plans to develop quickly to Ethereum, BNB Chain, and different main networks.
Its aim is to make buying and selling as simple as chatting, eradicating the necessity for advanced browser extensions or third-party wallets.
Notably, the undertaking’s ongoing presale has already attracted $4.6 million, indicating huge neighborhood assist.
Every $SNORT token is at present priced at $0.1079 with 6 days till the following worth enhance.
Snorter Bot permits customers to create or join a crypto pockets inside seconds, commerce tokens immediately, and even set automated purchase and promote orders with out ever leaving Telegram.
The platform focuses on each velocity and security, lowering the danger of scams or failed transactions whereas sustaining one of many lowest price buildings on Solana.
Supporting the ecosystem is the $SNORT token, which powers premium options inside the platform.
Holders can get pleasure from decrease transaction charges, entry superior buying and selling instruments, and earn staking rewards at 108% every year!
To purchase $SNORT, go to the Snorter Bot official website and as soon as there, join a supported pockets, like Best Wallet.
You’ll be able to swap current crypto or use a debit/bank card to complete your $SNORT token buy.
Disclaimer: Coinspeaker is dedicated to offering unbiased and clear reporting. This text goals to ship correct and well timed info however shouldn’t be taken as monetary or funding recommendation. Since market circumstances can change quickly, we encourage you to confirm info by yourself and seek the advice of with knowledgeable earlier than making any selections primarily based on this content material.
A crypto journalist with over 5 years of expertise within the business, Parth has labored with main media shops within the crypto and finance world, gathering expertise and experience within the area after surviving bear and bull markets over time. Parth can be an creator of 4 self-published books.