SHILL Issue 140

BONK’s Rollercoaster Ride: From Sky-High Peaks to a Recent Dip—The Unpredictable Journey of Solana’s Meme
Coin
Riding the Crypto Waves with BONK
Hey crypto enthusiasts, buckle up for the latest thrill in the crypto world! BONK, Solana’s meme coin, has taken us
on a wild ride—shooting up like a rocket and then taking a nosedive that has left us all wondering: What’s next?
In this laid-back exploration, we’ll dive into the recent antics of BONK, from its jaw-dropping surge to its recent
dip, and try to make sense of the ups and downs that come with the territory of meme coins.
BONK’s Boom and Bust: A 44% Plunge After Hitting the Skies
So, what’s the buzz about BONK going bust? Last week, it was on cloud nine, reaching an all-time high of
$0.00003416 on Friday. But hold on, the party didn’t last long—BONK decided to make a quick descent to a
current price of $0.00001931, marking a 44% drop faster than you can say “crypto rollercoaster.” According to
CoinGecko, it’s only down about 1% in the past 24 hours, trying to keep its cool after sliding a bit in the last few
days.
Don’t hit the panic button just yet! Despite this recent plunge, BONK is still up a whopping 56% over the last seven
days and a mind-blowing 502% in the past 30 days. It’s like BONK’s saying, “I might dip, but I’ve got my eyes on
the long game.”
Déjà Vu: BONK’s Flashback to January 2022
For those who’ve been on this crazy crypto ride with BONK, this might feel a bit like déjà vu. Flashback to January
last year, and BONK was pulling some acrobatics with a dramatic rise and fall. Sure, it was on a smaller scale
back then, with the latest peak price being ten times higher than the top price seen in January 2022. It seems like
BONK has a history of shaking things up—what can we say, it’s a meme coin with flair!
BONK Holding Strong in the Crypto Playground
Now, let’s talk numbers. BONK might be dancing on the edge, but it’s still got some serious clout. With a market
cap of $1.17 billion, it proudly claims the title of the 60th largest cryptocurrency out there. And get this—it’s not
just any cryptocurrency, it’s the third-largest dog-themed coin in town, following in the pawprints of Dogecoin
and Shiba Inu (SHIB). As we chat, the big dogs have market caps of $13 billion and $6 billion, respectively.
The BONK Giveaway: Spreading the Love in the Solana Community
Wondering how BONK found its way into the wallets of the Solana faithful? Well, half of the BONK supply was
tossed into the community like confetti starting last December 2022. Developers, artists, NFT collectors—everyone
got a slice of the BONK pie. Take the LamportDAO community, for instance. Last Christmas, each developer
snagged a cool 25 billion BONK tokens, valued at around $300 at the time. Fast forward to today, even with the
recent dip, those tokens are strutting their stuff at a whopping $485,000. Talk about a holiday bonus!
Climbing from the Abyss to the Stars
BONK might be the life of the party, but let’s not forget its partner in crime—the Solana blockchain (SOL). SOL is
up nearly 5% today, rocking a current price of $74 and showing off a 24% jump over the past month. Sure, it’s a
far cry from its all-time high of about $260 in November 2021, but remember when SOL took a nosedive to just
above $8 after the FTX exchange collapse last year? Since then, it’s been on a comeback tour, climbing the charts
and proving it’s not one to stay down for long.
Where to Next on the BONK Express?
One thing’s for sure: the crypto world is never short on surprises. BONK’s rollercoaster ride from sky-high peaks
to a recent dip is just another chapter in the thrilling novel of meme coins and blockchain adventures. Will BONK
bounce back with even more gusto, or is it a cautionary tale in the making? Only time will tell. So, kick back, relax,
and enjoy the ride—because with BONK, you never know what’s around the next blockchain bend!