The main things you need to know about Bonk Coin are:

BONK aims to become the primary currency of the Solana network.

BONK aims to encourage DeFi and NFT trading.

BONK is a social currency that places a strong emphasis on community through BonkDAO.

BONK is the latest Shiba Inu-themed meme coin launched by the Solana ecosystem.

According to Bonk’s official Twitter, the Bonk project began planning on December 9, 2022, and called on other projects in the Solana ecosystem to interact. Then on December 25, just as Christmas was approaching, Bonk officially launched a large-scale airdrop for the Solana ecosystem.

The team behind it will use 50% of the total token supply for community airdrops. Of this, 20% of the total airdrop supply went to Solana NFT collectibles, 10% to artists and collectors in the Solana ecosystem, 15% to early Openbook traders, and the final 5% to Solana developers.

When the token was first released, it did not receive much response, but with the integration of more and more projects and functions, such as: NFT trading platform integrating BONK payment, BONK machine gun pool, NFT minting fee, Bonk domain name, token burning, and listing The fire must wait. A series of combo punches propelled BONK up 40x from a closing price of $0.0000003 on December 25 to $0.0000012.

The meme coin market saw a huge rally as Bitcoin hit a new yearly high of $68,700 on March 5. Among them, Solana ecological dogecoin BONK rose by 5.10% in 24 hours, reaching a maximum of $0.00004704, setting a new historical high. In addition, its market capitalization exceeded $2.3 billion, successfully ranking among the top fifty cryptocurrencies.

It is precisely because of the BONK token trend that it has driven the irrational prosperity of the Solana ecosystem. On-chain transactions and active users have increased significantly, and the SOL token has also rebounded sharply, thus defeating many air forces. $BONK