Bonk/BONK#69 95

What is the Bonk (BONK) coin?

Bonk (BONK) is a canine-based cryptocurrency and the first memecoin that keeps its residence within the Solana blockchain. This coin was born on Christmas Day, 2022, and hogged the headlines by performing a community-driven massive airdrop where 50% of the total supply was dropped to Solana NFT Collectors, Artists, Developers, and Defi Traders.

Created specifically for Solana, realized by its community to take control back and serve as an alternative to the conventional venture capital-type tokens, BONK differs from most other memecoins in that it has a deep porosity interaction with Solana's decentralized applications (dApps), a fun-but-tool project of cryptocurrency.

It breathes life into Solana's DEXs, incentivizing liquidity to return and setting fresh users on fire. It is poised to become the "community coin" of Solana and is already rampant across many sectors such as DeFi, gaming, and development.

The viral momentum that this pushover creates by record-breaking growth and rampant meme valuation right now positions it as a heavyweight player in the meme coin space. The constant story of the project goes against the majority of the meme coin characters that promise entertainment with a pinch of solemnity in building a wider Solana ecosystem.

Community Oriented Tokenomics: Airdrop half of the total supply of BONK to users of Solana, thus facilitating distribution equity and real community ownership.

Burn Mechanism: Bonk Burns to diminish its supply and clear the way for higher valuation.

DeFi, Games, and NFTs have BONK encapsulated within a network of over 110 different applications in the Solana ecosystem.

Affordability and Accessibility: Provides an ample token supply with a tiny price accessible to so many who would want it. 

In fact, within 48 hours after its entry, SOL price increased by 34% and is currently identified as a strong liquidity-