Bonk, the first doge-themed memecoin of the Solana chain, has been a sensation in the crypto community.
Its native token, $BONK, has rallied more than 3,600% in the first week of its launch, reaching its highest price of $0.000004922 on January 5th.
Bonk has seen major burns since its launch, with the Team burning the 5 trillion $BONK allocated to the team.
In the last 48 hours, Bonk has been launched on several platforms, including Gate.io, ByBit, Cream Finance, Form Function, and Kamino Finance.
Project Review
BONK is sold as the first Dog-themed memecoin on Solana that’s “for the people, by the people.” In its official document, the developers explained that contributors were tired of toxic “Alameda” tokenomics.
Their quest to “make a fun memecoin where everyone gets a fair shot” led to the creation of Bonk. Although Bonk was launched on December 25th, the team started dropping hints in its first tweet on December 8th.
Bonk has a list of partners on its
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