Why was a coin with half its supply given away for free in the first place?
Definition: BONK initially had a total supply of 100 trillion tokens, half of which was airdropped to the Solana community.
How it works: Airdropped tokens cost recipients nothing, so they often feel no cost pressure when selling. This can lead to significant selling pressure early after listing.
$BONK is a meme coin on Solana, launched on Christmas Day 2022.
The market is always full of surprises, so think ahead about what to do if you're wrong.
Definition: BONK initially had a total supply of 100 trillion tokens, half of which was airdropped to the Solana community.
How it works: Airdropped tokens cost recipients nothing, so they often feel no cost pressure when selling. This can lead to significant selling pressure early after listing.
$BONK is a meme coin on Solana, launched on Christmas Day 2022.
The market is always full of surprises, so think ahead about what to do if you're wrong.