Bonk (BONK) is a brand new meme token with a Shiba Inu emblem that airdropped half of its complete provide of 56 trillion tokens. Throughout an airdrop, a cryptocurrency releases a free provide of its token to various crypto wallets as a tactic to accumulate customers or as a reward for neighborhood members.
The Solana neighborhood has proven enthusiasm for BONK, resulting in an uptick in SOL. Its worth has elevated 17.7% within the final day and 25% within the final week, reaching $13.85 at press time. Solana NFT collections acquired round 20% of Bonk’s airdrop provide or about 300,000 tokens.
Based on CoinGecko, the Shiba Inu-themed meme coin additionally elevated over 100% within the earlier 24 hours.
Nevertheless, some individuals appear to suppose that disgraced FTX founder Sam Bankman-Fried is the mind behind the brand new meme coin. Right here’s Why.
Bitboy Crypto Says SBF Is Behind BONK
Ben Armstrong, referred to as “Bitboy Crypto” and a well known crypto influencer and YouTuber, has said that SBF and Alameda are liable for Bonk.
He said, “In case you don’t suppose it’s potential SBF/Alameda is behind BONK, you’re intellectually dishonest. I’m not saying it’s assured, however the extra I take a look at it the stronger I imagine the chance is.”
Nevertheless, this opinion shouldn’t be shared by those that commented on the publish, with some saying Armstrong is ‘deranged’ and obsessive about SBF.
Bonk has gained traction, however it’s potential it should comply with the pattern of different meme tokens, experiencing a pump adopted by a extreme drop with little or no rebound. Nevertheless, it has helped the Solana ecosystem achieve momentum at a time when some thought-about it useless.
That is probably the most encouraging information for the Solana market prior to now two months for the reason that collapse of cryptocurrency alternate FTX in early November, which triggered SOL’s worth to drop and curiosity within the space to wane.