Tap on the button labeled “Market” near the price chart. CoinMarketCap gives a list of purchase alternatives for each digital currency (also known as market pairs). On most cryptocurrency exchanges, you will need Bitcoin (BTC) or Ethereum (ETH) to purchase BONK. Memecoins are known to generate irrational optimism from the cryptocurrency community, with the market capitalizations of SHIB and DOGE surpassing $30 billion apiece by the beginning of 2022. Important memecoins, including Shiba Inu (SHIB) and dogecoin (DOGE), remained unchanged. In the last 24 hours, the price of Bonk has increased by around 95 percent. In the past week, bonk tokens have been used in over 500,000 transactions, according to data. As of Tuesday, after its issuance on December 25th, Bonk has more than 85,000 holders and a market valuation of almost $93 million. In the past twenty-four hours, the on-chain volume of Bonk exceeded $19 million. Since the collapse of the FTX exchange and the accompanying market meltdown in November, this is the largest short liquidation. According to Coinglass, the recent price increase wiped off almost $6.7 million in short positions. Tuesday marked the resumption of SOL’s ascent above the $13 threshold after nearly nine consecutive trading days of declines that saw the stock trade for just under $8.Īccording to statistics from Coinglass, the funding rates for SOL permanent swaps are extremely negative, indicating that traders are bearish and shorting the token’s price. In the last 24 hours, Solana’s SOL has increased by almost 20%. 50% of the entire amount of coins will be dispersed by airdrop (free giveaway). Just before Christmas, a BONK coin giveaway was launched to reward everyone who supports the Solana blockchain. All of this is leading investors and businesses to distance themselves from Solana, or at the very least not pursue its blockchain as their only option. The process should be completed early this year.Īpproximately $643 million in SOL is under the custody of liquidators as part of Alameda Research’s bankruptcy proceeding (an FTX subsidiary). Major NFT collections, such as DeGods and y00ts, were among the last to leave Solana. Keep it positive, inclusive, welcoming, aggressive, and fun! and the rest will work out in 2023.- raj □ January 2, 2023 Nothing makes me happier than seeing solana users having fun. The decentralized exchange (DeFi/DEX) system Serum on the Solana blockchain has announced its closure, while the Solana-focused cryptocurrency wallet Phantom has added Ethereum and Polygon compatibility. The token appeared to help the Solana community, which is now experiencing hardships. In recent weeks, the price of Solana has been erratic for a variety of reasons, including the fact that one of its most notable backers is the disgraced ex-CEO of FTX, Sam Bankman-Fried, and leading NFT companies are going to depart its blockchain. After nearly nine days of consecutive declines that pushed its price to roughly $8 on Friday, its price has increased by over 12 percent in the last 24 hours.ĭespite Solana’s movement, Bitcoin and ether, the two largest cryptocurrencies by market capitalization, exhibited steadiness over the past 24 hours. The price of Solana (SOL) plummeted to its lowest level since February 2021 last week. The project is still in the process of being developed. The developers promise numerous integrations, as well as the prospect of future voting among BONK holders. After the airdrop is complete, 50 trillion Bonk Inu Tokens (BONK) will be available for purchase. You can undoubtedly support it to the fullest extent if you believe that it has promise on the Solana blockchain.īONK can be purchased on various cryptocurrency exchanges by non-Solana community members. But every meme coin has a chance to become as popular as DogeCoin. On the other hand, a long-term hold could be dangerous. The developers will receive the final 5%.Īdditionally, it is essential to have a sound escape plan. Additionally, early Openbook traders will get a 15% BONK airdrop. Meanwhile, 10% will go to Solana artists and collectors. The Solana NFT collections will get 20% of the 50% airdrops. The devs wanted to have some fun because they were tired of the toxic tokenomics in “Alameda.” 50% of the total supply will be airdropped to the Solana Community by BONK. BONK is a community dog coin that was airdropped to a variety of Solana NFT holders, DeFi members, art collectors, and Solana developers.
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