• 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

Altcoins Show Mixed Performance Amid Major Crypto Declines

chest

Altcoins show mixed performance as some gain while major cryptocurrencies decline.

user avatarLeo van der Veen

EdChess: Compete in Chess and Earn Rewards

chest

EdChess brings chess to Telegram, allowing players to engage in 1v1 matches, tournaments, and daily puzzles for TON and EdChess tokens.

user avatarAisha Farooq

Seed: Grow Virtual Plants and Earn Tokens

chest

Seed invites players to nurture virtual plants and collect SEED tokens.

user avatarTenzin Dorje

Boinkers: Spin and Compete in a Fun Social Game

chest

Boinkers invites players to engage in social gameplay, where they spin wheels for coins and team up with friends for cooperative farming.

user avatarTenzin Dorje

Catizen: Create and Manage Your Own Cat City

chest

In Catizen, players build and manage a virtual cat city by merging cats and completing tasks to earn CATI tokens.

user avatarMohamed Farouk

Notcoin shifts to Explore-to-Earn gaming.

chest

Notcoin evolves from a tapping game to an explore-to-earn model, allowing players to complete quests and earn NOT tokens.

user avatarBayarjavkhlan Ganbaatar

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.