• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Bonk Coin: the New Memecoin on Solana Blockchain

user avatar

by Giorgi Kostiuk

a year ago

  1. What is Bonk Coin?
  2. BONK Coin Commentary
  3. How to Buy Bonk Coin


    4. In recent years, interest in memecoins has grown, and Bonk Coin has become one of the new trends in the cryptocurrency market.

    What is Bonk Coin?

    Bonk is the largest memecoin operating on the Solana Blockchain, created with the aim of bringing liquidity back to the Solana ecosystem. The developers describe the memecoin as 'created for the people and by the people'. BONK coin is essentially a Solana Program Library (SPL) token, adopting Solana Blockchain’s Proof of History (PoH) and Proof of Stake (PoS) consensus mechanisms. Although the developers of Bonk remain anonymous, its creation is associated with Dexlabs, a decentralized exchange and launchpad. Bonk was created to restore liquidity to the DEXs in the Solana ecosystem, heavily impacted by the Alameda scandal.

    BONK Coin Commentary

    Memecoins are known for their extreme volatility and rapid price fluctuations, and Bonk coin is no exception. After its launch, the memecoin attracted significant liquidity to the Solana ecosystem. The Bonk team aims to take control away from large players and bad actors and return it to users on the Solana Blockchain. They implemented an AirDrop distribution mechanism to support Solana founders and users, distributing half of BONK coin’s supply via AirDrop to DeFi traders, NFT artists, and developers on Solana, increasing ecosystem liquidity.

    How to Buy Bonk Coin?

    BONK coin can be bought and sold on the largest cryptocurrency exchange Binance, thanks to the trading volume it generates. BONK coin was listed on Binance on December 15, 2023, and can be traded in the BONK/USDT, BONK/FDUSD, and BONK/TRY pairs. To buy BONK, one needs to register on Binance, fund their account with cryptocurrency or fiat currency, and purchase the coin in one of the specified trading pairs.

    Bonk Coin is the latest memecoin on the Solana blockchain, which has revived interest in the ecosystem after its downturn. Despite its high volatility, the memecoin has attracted significant liquidity and user attention.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Dutch Finance Minister to Revise Tax Overhaul

chest

The Dutch Finance Minister announced plans to amend the controversial tax bill on unrealized gains following criticism from lawmakers and investors.

user avatarRajesh Kumar

India's Gold ETF Inflows Hit Record 250 Billion Rupees

chest

Gold ETF inflows in India have reached a record 250 billion rupees, surpassing equity mutual fund inflows for the first time.

user avatarLucas Weissmann

Potential Surge in Coinbase's USDC Revenue with Increased Adoption

chest

Bloomberg analysts estimate that Coinbase's USDC-related revenue could grow significantly with broader adoption and regulatory clarity.

user avatarFilippo Romano

Ethereum Faces Increased Selling Pressure Amid Market Caution

chest

Ethereum is experiencing significant selling pressure as market sentiment shifts towards caution, with a notable increase in user deposits to exchanges.

user avatarEmily Carter

Attempted Murder Charges Filed in Crypto Investment Dispute

chest

A man in his thirties has been charged with attempted murder after allegedly poisoning his business partner over a dispute related to failed crypto investments.

user avatarTomas Novak

XRP Faces Resistance and Support Levels

chest

XRP price is currently trading above key support levels but faces resistance near 1460 and 150.

user avatarKaterina Papadopoulou

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.