【Quick explainer】Where did BONK come from?
BONK launched during a period of low confidence in the Solana ecosystem, following the collapse of a major exchange in November 2022.
Tokens received through the airdrop had zero acquisition cost, so recipients often felt little pressure to hold back from selling. As a result, selling pressure may also have been high when it first launched.
$BONK is a meme coin on Solana, launched at Christmas in 2022. It is currently at 0.0₅294.
Only invest what you can afford, and leave yourself some room.
Be aware of the risks and make your own decisions.
BONK launched during a period of low confidence in the Solana ecosystem, following the collapse of a major exchange in November 2022.
Tokens received through the airdrop had zero acquisition cost, so recipients often felt little pressure to hold back from selling. As a result, selling pressure may also have been high when it first launched.
$BONK is a meme coin on Solana, launched at Christmas in 2022. It is currently at 0.0₅294.
Only invest what you can afford, and leave yourself some room.
Be aware of the risks and make your own decisions.