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.
Hamster Kombat’s airdrop has been rescheduled to September 2024, with a total value of $10 billion. The eligibility criteria focus on user engagement and activity, with a subsequent token listing anticipated later in the year.
Huang BoSaga, a gaming-centric crypto tech firm preparing to launch its mainnet, revealed eligibility criteria for the impending public airdrop of its SAGA token. Co-founder Jin Kwon detailed plans for the airdrop, focusing on both current eligibility and upcoming opportunities.
Huang BoDespite 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.
BernicePositioned as the "1st community-owned ZK Layer 2," ZKFair leverages on Polygon's Cloud Development Kit (CDK) and Celestia DA's ZK-L2, with technical support from Lumoz RaaS.
BrianBinance 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.
Bernice
Coinlive Check out the guide to be potentially eligible for Scroll's airdrop.
TristanIn case you missed the first snapshots, Seedify $SFUND stakers and farmers have been given an additional (and final) opportunity ...
Bitcoinist
NulltxAirdrop hunters flocked to the MetaMask Swap and Polygon networks in an attempt to qualify for a possible token distribution from the popular cryptocurrency wallet provider.
Cointelegraph