The sizzling meme coin on Solana – BONK- is up over 2000% since its all-time low 5 days in the past. The meme coin that helped enhance Solana worth final week, introduced that it has burned 5 billion cash, sustaining its hype out there.
Bonk Burns Half Trillion Supply
According to its official Twitter deal with, Bonk has burned off practically half a trillion of its whole token provide price $1.2 million at its present worth. The token is bulldozing by different cash when it comes to market capitalization as properly. Though at present ranked practically round 2500, the coin has recorded double digits positive aspects nearly each day within the final 5 days. Solana’s native token SOL discovered itself in serious trouble after high NFT initiatives, DeGods and y00ts, introduced emigrate to Polygon and Ethereum, inflicting panic and doubt over its repute.
WE BURNED 1 BILLION BONK TOTAL TODAY ???????? pic.twitter.com/XDHP2YzXzu
— degen poet (@degenpoet) January 4, 2023
Solana Dog Coin Could Soon See A Massive Sell Off
The token that’s at present being hyped out of proportion out there just isn’t fully threat free. Dune Dashboard reveals that the highest 20 holders of BONK account for about 50% of the overall cash’ provide, which ought to increase an alarm amongst its retail buyers. Earlier, Justin Sun additionally introduced in a Tweet that his crypto alternate Huobi goes to list the memecoin. Bybit additionally introduced to listing the cryptocurrency, giving it extra legitimacy and offering extra publicity to this obscure memecoin. At the time of writing, BONK is up over 90% within the final 24 hrs buying and selling at $0.000002124.
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