BONK, the primary dog-themed meme coin on the Solana blockchain, has surged by 40%
BONK, the primary dog-themed meme coin created on the Solana blockchain, has seen its worth bounce by 40% over the previous 24 hours, based on CoinMarketCap data.
BONK’s latest introduction of single-sided staking on liquidity swimming pools and its enchantment as a community-driven token have considerably influenced this uptrend.
Greater than meme cash?
The rise of BONK has sparked a debate amongst crypto lovers and distinguished figures within the business.
Anatoly Yakovenko, co-founder of Solana, and Chris Burniske, a notable crypto investor, engaged in a dialogue concerning the potential of meme cash.
Yakovenko contemplated whether or not meme cash may transcend their humorous origins to gasoline a worldwide motion.
In his response, Burniske burdened the necessity for meme cash to learn all contributors, not simply insiders, to appropriate the missteps of earlier crypto ventures. He burdened the significance of aligning precious labor with the capital it generates.
A brand new BitMEX itemizing
In associated information, a brand new BONK contract is ready to be listed on BitMEX, based on a Nov. 20 announcement. The brand new itemizing, 100BONKUSDT, will provide merchants the chance to interact in perpetual swaps with as much as 10x leverage, ranging from tomorrow.
The itemizing of 100BONK, equal to 100 particular person BONK tokens, presents a extra accessible entry level for merchants.