BONK bloodbath sparks $4 mln cold storage move – What’s going on?

By: bitcoin ethereum news|2025/05/16 19:30:09

BONK dropped 10% as profit-taking triggered a sharp market pullback. A drop in volume, spot demand, and positive overall activity hint at a quick price recovery. Bonk [BONK] dropped by a massive 10% over the last 24 hours, dropping to $0.00002208 at press time. While this drop was part of the overall crypto market shakeout during this period, profit-taking traders deepened it, as most bearish metrics appear temporary. Position size shrinks as traders sell BONK The position size of BONK in the market has seen a massive decline over the past 24 hours. At the time of writing, the Open Interest, which measures this, dropped by approximately 20% to $27.8 million. Source: CoinGlass This means several running positions were liquidated during the period, as sentiment moved against their direction. Liquidation data shows that $95,370 in positions were closed in the market, with long traders bearing the most loss. Long traders account for more than 50% of the loss recorded, with $74,230 lost to the market during this period. While the market appears heavily skewed in favor of short traders, there’s still some bullish hope. What does waning selling pressure imply? An analysis of market volume shows that the fall could end as traders grow exhausted. 24-hour Trading Volume dropped 41.91% to $77.18 million, falling alongside price. A significant volume drop along with a price drop means the selling pressure is gradually fading. It also implies that there’s insufficient momentum to continue backing the decline. At the same time, Spot Traders in the market have continued to buy BONK despite the drop. Source: CoinGlass Currently, this group of traders has scooped up $4 million worth of BONK from the market, moving the tokens into private wallets. A move from exchanges to cold storage implies that this group is more long-term focused on BONK’s potential. If this move continues, it will likely cause a supply squeeze, causing exchange reserves to keep dropping, driving demand upward, and resulting in a major market rally for BONK. That’s not all. AMBCrypto found that despite the decline in Open Interest, the overall derivative market remains bullish. Source: CoinGlass Despite the drop in Open Interest, the Open Interest Weighted Funding Rate remains positive at 0.0029%. This suggests that longs still dominate, even as leverage resets. While the metric is trending downward, its positive value keeps BONK within a bullish market structure—for now. Source: https://ambcrypto.com/bonk-bloodbath-sparks-4-mln-cold-storage-move-whats-going-on/

On March 4, 2026, DDC Enterprise Limited (NYSE American: DDC) today announced preliminary, unaudited full-year financial performance for the year ended December 31, 2025. The company expects to achieve record revenue and record positive adjusted EBITDA, primarily driven by continued growth in its core consumer food business and overall margin improvement. The final audited financial report is expected to be released in mid-April 2026.

2025 Full-Year Financial Highlights

Revenue: Expected to be between $39 million and $41 million, reaching a new company high.

Organic Growth: Excluding the impact of the company's strategic contraction of its U.S. operations, core revenue is expected to grow 11% to 17% year over year.

Gross Profit Margin: Expected to be between 28% and 30%, reflecting continued operational efficiency improvements.

Adjusted EBITDA: The company expects to achieve a positive full-year result in 2025, a significant improvement from a $3.5 million loss in 2024, mainly due to rigorous cost controls and a higher-margin sales mix.

Core Consumer Food Business Performance

In 2025, DDC's core consumer food business maintained strong operational performance.

The company also disclosed Core Consumer Food Business Adjusted EBITDA, a metric that further excludes costs related to its Bitcoin reserve strategy and non-cash fair value adjustments related to its Bitcoin holdings from adjusted EBITDA to more accurately reflect the core business performance.

In 2025, Core Consumer Food Business Adjusted EBITDA is expected to be between $5.5 million and $6 million.

Bitcoin Reserve Update

In the first half of 2025, DDC initiated a long-term Bitcoin accumulation strategy, holding Bitcoin as its primary reserve asset.

As of December 31, 2025: The company holds 1,183 BTC.

As of February 28, 2026: Holdings increased to 2,118 BTC

Today's additional purchase of 65 BTC brings the company's total holdings to 2,183 BTC

DDC Founder, Chairman, and CEO Norma Chu stated, "We are proud to have closed 2025 with record revenue and positive adjusted EBITDA, demonstrating the steady growth of the company's consumer food business and the ongoing improvement in profitability. We are building a disciplined, growth-oriented food platform and strategically allocating capital to Bitcoin assets with a long-term view, aligning with our core beliefs. We believe that this dual-track model of 'Steady Consumer Business + Strategic Bitcoin Reserve' will help DDC create lasting long-term value for shareholders."

Adjusted EBITDA Definition
For the full year 2025, the company defines "Adjusted EBITDA" (a non-GAAP financial measure) as: Net income / (loss) excluding the following items:· Interest expense· Taxes· Foreign exchange gains/losses· Long-lived asset impairment· Depreciation and amortization· Non-cash fair value changes related to financial instruments (including Bitcoin holdings)· Stock-based compensation

About DDC Enterprise Limited

DDC Enterprise Limited (NYSE: DDC) is actively implementing its corporate Bitcoin Treasury strategy while continuing to strengthen its position as a leading global Asian food platform.

The company has established Bitcoin as a core reserve asset and is executing a prudent, long-oriented accumulation strategy. While expanding its portfolio of food brands, DDC is gradually becoming one of the public company pioneers in integrating Bitcoin into its corporate financial architecture.

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DDC Enterprise Limited Announces 2025 Unaudited Preliminary Financial Performance: Record Revenue Achieved, Bitcoin Treasury Grows to 2183 Coins