There has been a new crypto meme since last month: it is called Bonk, and it is a token on Solana.
On the official website, it is called the first coin dedicated to dogs on Solana.
They write:
“Bonk’s contributors were tired of the toxic tokenomics of “Alameda” and wanted to create a fun memecoin where everyone had a fair chance.”
It is therefore an attempt to replicate the successes of Dogecoin and Shiba Inu, but with a token on Solana.
Bonk, the boom of the new meme crypto
When it was put on the market in late December, Bonk’s initial price was only 0.1 millionths of a dollar.
By the next day it had already risen to 0.2 millionths, so +100% in one day.
After rising to 0.3 millionths on 1 January, it really took off the next day. In fact, on 4 January it had already risen to 2.5 millionths, followed by a new all-time high touched this morning at 9.2 millionths.
In other words, this morning’s high is 9,000% higher than the initial price six days ago.
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