Bonk (BONK) Pulses

BONK

BonkDAO Governance Exploit: $20M Treasury Drain and What It Means for Solana DeFi Leverage Traders

BonkDAO suffered a $20M governance takeover after an attacker spent ~$4M to pass a malicious proposal — leveraged BONK longs face acute liquidation risk, and the loss of treasury burn/grant capacity shifts the medium-term price bias structurally bearish.

BONK

BonkDAO $20M Governance Attack: Liquidation Risk for BONK Leveraged Longs

BonkDAO reportedly lost $20M in a malicious governance proposal attack; leveraged BONK longs face liquidation cascade risk, while Solana-ecosystem meme tokens face sympathy selling pressure.