# Bonk Guy Says Altcoins Held Up Better as Bitcoin (BTC) Fell Near $77,000

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/44918
Published: 2026-10-30T16:58:16.000Z
Updated: 2026-10-30T16:58:16.000Z
Section: Investing

> He said the relative performance suggested much of the selling pressure on altcoins may have passed.

Bonk Guy said most altcoins showed more resilience than Bitcoin (BTC) as it fell from about $79,000 to near $77,000, a comparison he viewed as evidence that token selling pressure may have eased.

He said some tokens also fell, but by less than Bitcoin. He viewed the relative performance as a sign that much of the selling pressure on altcoins may already have passed.

Bonk Guy also said Binance appeared to have bought back most of the tokens sold during the exchange’s Oct. 29 security incident.