#PONK , $120K market cap. A few reasons I’m bullish:
1. Fun narrative: animal and cartoon themes, combining Pepe’s face with BONK’s ears to create a goofy, brainless character.
2. Low market cap. The new token peaked at $211K, then dropped to $120K, so I decisively bought a little. The supply is relatively concentrated, with the top 100 holders owning 66.7%. There are a few big players.
3. The community seems decent: over 900 holders and more than 500 community members, all overseas. Promotion is mainly through images and text.
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