BONK has fallen nearly 40% since a malicious governance proposal drained about $20 million from the BonkDAO treasury on July 6. The Solana-based memecoin traded near $0.0000028 on Sunday after changing hands above $0.0000045 around the time of the attack. Its market capitalization has dropped by roughly $180 million during the decline, while the token has underperformed both Solana and the wider crypto market.