Solana-based project BONK has experienced a 24-hour increase of more than 49%, attaining a market value exceeding $880 million USD in the process.
For those unfamiliar with the term, the term "BONK" is an doge-associated meme, first attributed to the baseball wielding Doge.
SEE: Doge being bonked by Cheems
Currently, the memecoin stands as the second-highest in market value among Dogecoin-themed tokens, trailing only DOGE and SHIB.
Today, the token secured a listing on Korea's Coinone exchange, continuing its momentum of being listed on exchanges.
BONK prices have effectively recovered from last week's losses, reaching $0.000014 with a substantial trading volume surpassing $235 million.
Issued in December following Sam Bankman-Fried's setback, BONK initially emerged as a meme coin, contributing to a downturn in Solana sentiment.
Despite this, it swiftly gained adoption within the Solana ecosystem.
Various projects, likely jokingly, incorporated BONK for NFT payments, while others employed "burn" mechanisms for NFT-based events shortly after its launch.
The Dogecoin ecosystem is witnessing a revival, extending beyond memecoins inspired by the legendary shiba inu meme.
Notably, ancillary projects like the Layer-2 initiative DogeLayer are emerging, underscoring renewed interest in the broader Dogecoin community.
Solana airdrops appear to be quite the hype recently, with Jito Labs' JTO token taking centre stage just a few days back.
Airdrops typically reward active users within the ecosystem, so it's likely surprising to know that Bonk HAS done an airdrop before.
When the Solana Web3 smartphone Saga was launched, buyers of the phone were rewarded with $10 worth of BONK tokens.
That same amount now is worth more than $300 as of time of publication.
BONK's popularity may suggest a greater emphasis on marketing, which increases the odds of a potential airdrop in the coming weeks.
Coinlive will continue to keep tabs on the BONK project, and update immediately should there be an airdrop announced.
In the past, the income from Gitcoin airdrops may only depend on donations, but now it depends on the amount, donation project, donation round, etc. It is more of a "weight" of the project airdrop.
JinseFinanceKraken lists BONK and WIF meme coins for UK users, alongside other new coins. Expansion includes TradeStation Crypto and Coin Meester B.V. acquisitions. Kraken Wallet offers open-source solution for diverse blockchain assets, enhancing security.
EdmundCryptocurrency picks for 2024: Bonk thrives on Solana's memes, Retik revolutionizes finance, Pepe brings memes to DeFi, and Shiba Inu aims for meme stardom.
Xu LinCrypto whale profits $2.9M from BONK surge; altcoin market sees PEPE rise; caution urged amidst FOMO in meme coin frenzy.
EdmundSolana's WEN rises 33.45% to $0.00014, $141.73M cap. Outpaces SHIB in volume. Token burn speculation. Jupiter's JUP launch on Jan 31.
EdmundDespite recent market turmoil, Bonk (BONK) experiences an unexpected recovery, attributed to strategic actions by whale investors. Their confidence in a bullish reversal has stabilized prices, attracting attention from retail investors. However, caution is advised due to the fragility of such recoveries, especially in a bear-dominated market.
BerniceBinance lists Bonk (BONK) on December 15, offering BONK/USDT, BONK/FDUSD, BONK/TRY trading pairs, and adds BONK to isolated margin trading within 48 hours.
BerniceBONK, a Solana-based meme coin, spikes 40% following Coinbase listing news.
Cheng Yuan
Coinlive This Shiba Inu-themed meme coin has risen rapidly over the past week but is it truly the saviour of SOL or will it join the ranks of the countless meme coins that have become obscure?
Catherine