BONK Surges 40% as Solana Founder Ponders Future of Meme Coins


20 Nov 2023 5:39 AM

BONK, the first dog-themed meme coin on the Solana blockchain, has surged by 40%...

  • BONK, a dog-themed meme coin on the Solana blockchain, has experienced a 40% price increase in the past 24 hours.
  • The introduction of single-sided staking on liquidity pools and its appeal as a community-driven token have contributed to this uptrend.
  • The rise of BONK has sparked a debate among crypto enthusiasts and industry figures about the potential of meme coins.
  • Anatoly Yakovenko, co-founder of Solana, and Chris Burniske, a notable crypto investor, discussed whether meme coins could become more than just memes and fuel a global movement.
  • Burniske emphasized the importance of meme coins benefiting all participants and aligning valuable labor with the capital it generates.
  • A new BONK contract, 100BONKUSDT, is set to be listed on BitMEX, offering traders the opportunity to engage in perpetual swaps with leverage.

The article highlights the positive price performance of BONK and the potential for meme coins to evolve into something more significant. The sentiment is generally optimistic.

Go to publisher site

You May Ask

What has been the price increase of BONK in the past 24 hours?What factors have influenced the uptrend of BONK?What is the debate surrounding the potential of meme coins?Who engaged in a discussion about meme coins and their potential?What new listing is set to be available on BitMEX for BONK traders?

Suggested Reads