Solana memecoin Bonk Inu has accomplished the acquisition of the multichain artwork market Exchange Art. While the acquisition is a shock for neighborhood members, speculators have their eyes peeled on a possible rally for BONK value.
Bonk Inu Completes Exchange Art Acquisition
According to a post on X, Solana-based venture Bonk Inu has outrightly bought Exchange Art. While the announcement didn’t disclose the figures surrounding the deal, Bonk Inu says it can protect artwork on the Solana community.
The acquisition will see the phasing out of Exchange Art’s management and alternative with a brand-new staff. Internationally exhibited artist JT Liss has been tapped to guide the operations at Exchange Art amid grand plans to enhance Solana’s creator financial system.
“Bonk has officially acquired the art marketplace Exchange Art,” learn the announcement. “The goal? To preserve and elevate the culture around creating, collecting, and appreciating art on-chain.”
Bonk Inu co-founder TheOnlyNom disclosed that the top Solana memecoin will proceed Exchange Art’s streak of selling artwork within the ecosystem. The co-founder confirmed plans to combine Exchange Art with the BONK Art Masters initiative.
“It’ll continue to expand the reach of artists creating works on the platform, improving the financial incentives for both creators and collectors,” mentioned TheOnlyNom.
Price To Rally On The Back Of The Acquisition?
At the second, the BONK value is essentially uneventful following reviews of Exchange Art Acquisition. It has fallen by 6% over the past 24 hours and at present trades at $0.00001361.
The meme coin signifies no indicators of an upswing, with day by day buying and selling volumes down by 30% over the past day at $107 million. The dog-themed coin has misplaced 77% since hitting its earlier all-time excessive, however neighborhood sentiment stays enthusiastic.
On the opposite hand, Solana (SOL) value is up 2% amid frenetic meme coin exercise in its ecosystem. On the again of meme coin exercise on the community, pundits say SOL can rally 96% to achieve $270.
Despite the thrill round dog-themed tokens, Cathie Wood predicts that memecoins will lose value within the coming years.
Aliyu Pokima
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