Unknown earns $784 000 on investments in BONK in a month and a half

Over the past six months, the asset has risen in price by 8667%

15.12.2023 - 14:36

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An unknown user earned $784 000 on investments in the “dog” meme token BONK based on the Solana blockchain. Thus, from October 30 to November 29, he purchased 69 billion coins, and on December 15 sold 52,3 billion for $927 000. Over the past 24 hours, the token’s rate jumped by 134% and updated an all-time high at $0,00003416, which was facilitated by the listing of the asset on the Binance and Coinbase exchanges. In six months, the asset grew by 8667%, according to TradingView.

The rapid growth of the asset’s exchange rate also led to the fact that the Web 3.0 smartphone Saga from the developers of Solana was completely sold out in the US and Europe. The reason was that owners of the device were given 30 million BONK as a gift. The cost of the phone itself is $590, while the gift coins at the current exchange rate are valued at $1024.

It is noteworthy that a week ago the co-founder of Solana Labs, Anatoly Yakovenko, reported extremely low sales of the smartphone. Thus, since January, the company has sold only 2200 devices, while 25-50 thousand sales are needed to create the main user base, the senior executive noted at that time.

BONK was launched last December to stimulate activity in the Solana ecosystem. Thus, 5% of the total asset offering at launch was distributed to members of the blockchain community, including app developers, NFT collection creators, and active users.

On December 6, due to a sharp increase in capitalization, BONK overtook its competitor FLOKI, taking third place in the list of coins whose mascot is a Shiba Inu dog. Now BONK is second only to DOGE and SHIB.

The sharply increased activity of project developers in the Solana ecosystem allowed VanEck analysts to assume that the blockchain in the coming year will rise to third place of the capitalization rating.

Binance also noted Solana’s faster growth compared to other L1 networks.

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