Bonk (BONK) is a brand new meme token with a Shiba Inu emblem that airdropped half of its whole provide of 56 trillion tokens. Throughout an airdrop, a cryptocurrency releases a free provide of its token to a variety of crypto wallets as a tactic to accumulate customers or as a reward for neighborhood members. 

The Solana neighborhood has proven enthusiasm for BONK, resulting in an uptick in SOL. Its value has elevated 17.7% within the final day and 25% within the final week, reaching $13.85 at press time. Solana NFT collections obtained round 20% of Bonk’s airdrop provide or about 300,000 tokens. 

Based on CoinGecko, the Shiba Inu-themed meme coin additionally elevated over 100% within the earlier 24 hours.

Nevertheless, some folks appear to suppose that disgraced FTX founder Sam Bankman-Fried is the mind behind the brand new meme coin. Right here’s Why. 

Bitboy Crypto Says SBF Is Behind BONK

Ben Armstrong, often called “Bitboy Crypto” and a well known crypto influencer and YouTuber, has acknowledged that SBF and Alameda are accountable for Bonk. 

He mentioned, “For those who don’t suppose it’s potential SBF/Alameda is behind BONK, you’re intellectually dishonest. I’m not saying it’s assured, however the extra I take a look at it the stronger I imagine the likelihood is.” 

Nevertheless, this opinion will not be shared by those that commented on the put up, with some saying Armstrong is ‘deranged’ and obsessive about SBF. 

Bonk has gained traction, however it’s potential it should comply with the development of different meme tokens, experiencing a pump adopted by a extreme drop with little or no rebound. Nevertheless, it has helped the Solana ecosystem acquire momentum at a time when some thought-about it lifeless.

That is essentially the most encouraging information for the Solana market prior to now two months because the collapse of cryptocurrency alternate FTX in early November, which precipitated SOL’s value to drop and curiosity within the space to wane.