The first Solana
This Shiba Inu-style token was created to reward the blockchain community for supporting Solana.
The launch and promotion of the project are being handled by the decentralized organization BonkDAO. According to the plan, 50% of all coins will be distributed for free as airdrops to developers, artists, and NFT collection holders on the Solana blockchain (a total of 100 trillion coins will be issued, of which 1 billion + 500 billion will be allocated to DeGods
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Interestingly, the creators of the Bonk Inu token (BONK) remain anonymous. What is not typical at all, the team has no Discord server or Telegram channel. Only Website and Twitter are available.
While at first, the meme token looked hyped-up and not serious at all, it is now in the spotlight. That’s evidenced by the price. On December 30, BONK was worth $0.00000009. As of January 5, 2023, BONK’s price rose to $0.000004 with a 24-hour trading volume of $178,549,913. Thus, in 12 days, the token Bonk Inu (BONK) has risen in price 44 times or 4444%.
CoinMarketCap’s current rating is #2594, with a market capitalization of about $241,805,867. But according to Solscan, the token’s market capitalization is $367,975,807 with a current supply of 99,184,853,863,795 BONK and 105,300 holders.
The project is rapidly gaining momentum. In just over a week, the Bonk Inu token (BONK) has succeeded in the following:
Aggressive cooperation with new projects and introducing new uses for the token have done their work. But it wasn’t just the hype that inflated the price so much. Liquidity providers are after it. Liquidity pools on Solana-based decentralized exchanges (DEX) such as Orca have raised more than $20 million for trading pairs involving BONK. This brought in thousands of dollars in commissions to liquidity providers
How long a meme coin will stay afloat is difficult to predict. CryptoPredictions.com made a price forecast for the BONK token, which estimated that the cryptocurrency could close in 2023 at an average price of $0.000018 and rise to an average of $0.00002 in 2024.
On the other hand, PricePrediction experts predict that the token will close the year at an average price of 0.00000553 and 2024 at 0.00000819.
However, to maintain interest in the token, developers will have to work regularly to expand the partnership and support it.
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