A new meme coin based on Solana (Sol) Blockchain is an established competitor Shiba Inu (Sibu) and Dogecoin (Doge) opens the year.
Bonk (Bonk) is starting 2023 strong after posting astronomical gains in the first few days of 2023.
The new meme token started the year at $0.0000002 and surged to $0.000004 on January 5, a 1,900% jump in less than a week. Shiba Inu and his Dogecoin rival have since given up some of its profits, with him trading at $0.000002 at the time of writing. Despite the fix, BONK has maintained his 900% climb in about a week.
BONK’s competitors, on the other hand, are having a bad year. Leading memecoin DOGE is up 1.43% over the same timeframe, up from $0.07 on Jan. 1 to $0.071 at the time of writing. Ethereum-based altcoin Shiba Inu is outperforming DOGE at the time of writing after he rose 3.75% from $0.000008 to $0.0000083 on Jan. 1.
Developers Behind Altcoins Amid Last Week’s Bonk Surge evident Burning $10 million worth of BONK tokens.
BONK is the pinnacle of Solana. Our community works together across the ecosystem to bring about positive change for all of us.
5 trillion BONK tokens allocated to “The Team” have been burned.
The Solana explorer, Solscan, has a current supply of BONK of shrunken to 94.12 trillion tokens.
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Featured image: Shutterstock/ngupakarti