Someone asked: What’s the story behind BONK?
I usually answer this way: BONK launched during a period when confidence in the Solana ecosystem had been shaken, following the bankruptcy of a major exchange in November 2022. Community-driven meme coins are often closely tied to the ecosystems of the blockchains they’re built on, so their prices can fluctuate sharply as ecosystem sentiment rises and falls.
$BONK 0.0₅308(+4.41%)
Have you ever fallen into a similar trap? Share your experience to help others avoid it.
#BONK
Personal notes, not investment advice.
I usually answer this way: BONK launched during a period when confidence in the Solana ecosystem had been shaken, following the bankruptcy of a major exchange in November 2022. Community-driven meme coins are often closely tied to the ecosystems of the blockchains they’re built on, so their prices can fluctuate sharply as ecosystem sentiment rises and falls.
$BONK 0.0₅308(+4.41%)
Have you ever fallen into a similar trap? Share your experience to help others avoid it.
#BONK
Personal notes, not investment advice.