Bonking past $FARTCOIN and on its way to surpass $TRUMP, once again, the infamous dog coin $BONK is on the rise, and we want to find out exactly what’s going on.
So, get that coffee ready and let’s take a deep dive into Bonk!
What is Bonk?
Bonk is a memecoin that was first launched as a Christmas present on Christmas Day 2022 on the Solana blockchain, after conducting one of the largest airdrops in crypto history. The $BONK mission is simple and what every degen truly desires: liquidity on Solana.
Created by an anonymous team, but dedicated to the community, Bonk is intended to be a memecoin that is used and available across all the best dApps on Solana, enabling $BONK HODLers to benefit from being part of the community and “where everyone gets a fair shot”.
Bonk Ecosystem
With the aim of becoming “the community coin of Solana”, Bonk has already accomplished over 400+ integrations with the best dApps, including Backpack, Phantom, Wormhole and many others. However, Bonk has built quite the ecosystem of its own…
Let’s take a closer look:
Bonkbot – Solana-exclusive Telegram trading bot
Bonkswap – Native AMM DEX
Moonwalk Fitness – Walk and Earn $BONK
Bonkbets – Web3 Sportsbook
Bonkrewards – Lock $BONK to earn from the $BONK rewards pool
BonkScooper – Solana Wallet cleaner
And so much more that makes Bonk a unified community!
Why all these created and integrated products, you may ask?
Well, it’s for you, the 911K+ $BONK HODLers who want an ecosystem dedicated to the community and rewards you along the way. $BONK expands beyond Solana and is now marking its paw-prints over 13 blockchains; this is only the beginning.
At a glance, it’s clear that Bonk is striving to create a lucrative ecosystem across all the greatest chains, but primarily on Solana, the origin chain and where it currently holds its position as the second largest memecoin behind $TRUMP.
$BONK Airdrop
As we mentioned, $BONK was first introduced as an airdrop and 26T tokens (50% of the entire token supply) were distributed to loyal developers, NFT creators & collectors, and active community members! Needless to say, this was done with no marketing or pre-announcement; just a straight-up airdrop.
Conclusion
According to CoinMarketCap, at the time of writing, $BONK is trading at $0.00002001 with a large market cap of $1.57B, ranking it the 53rd largest crypto. To date, $BONK is up over 18,166% since its inception and has seen an ATH of $0.00005916, down roughly 66.12%.
The question is, does $BONK have what it takes to surpass its previous ATH?
Well, many things are to be taken into consideration, but with a surge in dog-themed memecoins, a thriving Solana network, a bull run and a memecoin narrative, $BONK does have big potential to break that old ATH!
Official Bonk Links
Disclaimer
The content provided in this article is purely informational and nothing said is financial advice. Proceed with caution and always invest what you are prepared to lose. Remember that you are entirely responsible for your assets and investments and the author and the publication do not endorse any of the cryptocurrencies, protocols and/or strategies in this article.
