BONK Price Surges 40% as Solana Founder Ponders Future of Meme Coins
BONK, the primary dog-themed meme coin created on the Solana blockchain, has seen its worth leap by 40% over the previous 24 hours, in keeping with CoinMarketCap data.
BONK’s current 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 fanatics and outstanding figures within the business.
Anatoly Yakovenko, co-founder of Solana, and Chris Burniske, a notable crypto investor, engaged in a dialogue in regards to 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 careworn the necessity for meme cash to profit all members, not simply insiders, to appropriate the missteps of earlier crypto ventures. He careworn the significance of aligning worthwhile 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, in keeping with a Nov. 20 announcement. The brand new itemizing, 100BONKUSDT, will provide merchants the chance to have interaction in perpetual swaps with as much as 10x leverage, ranging from tomorrow.
The itemizing of 100BONK, equal to 100 particular person BONK tokens, affords a extra accessible entry level for merchants.
