The yr 2023 started in the perfect traditions of the most recent bull market, when the instantly emerged token Bonk Inu (BONK) rose by greater than 600% in seven days. Because the title makes clear, BONK is the counterpart to the profitable Shiba Inu token, SHIB, however on Solana.
In truth, if CoinMarketCap information is to be believed, BONK appeared even earlier than the brand new yr, within the ultimate week of December. In all that point, it has managed to achieve virtually 116,000 holders and likewise burned about 6% of its 100 trillion token providing.
There is no such thing as a centralized solution to burn BONK but, and the trillions of tokens burned had been despatched by the mission staff itself to useless addresses for a wide range of causes.
SOL and BONK value motion
The exercise across the new token has so excited the Solana ecosystem that even the native blockchain token, SOL, has managed to climb out from beneath the $10 value degree and soared 35.7% previously week.
The worth of BONK has risen by 1,700% in all that point and is now holding at $0.000002 per token, with an all-time excessive of $0.000005. The token has already earned a list on small and medium crypto exchanges, however will not be but introduced on main exchanges.