The sell-off in the market has poked holes in the meme coin super cycle, impacting tokens like Solana-based meme coin, Bonk. Cryptocurrencies bled profusely amid fears of an extended correction triggered by the German government’s persistent BTC selling activities. Although some coins show signs of bottoming out and starting fresh uptrends, Bonk price forecast shows that sellers still have the upper, and more decline should be expected.