u.today
The year 2023 began in the best traditions of the latest bull market, when the suddenly emerged token Bonk Inu ($BONK) rose by more than 600% in seven days. As the name makes clear, $BONK is the counterpart to the successful Shiba Inu token, SHIB, but on Solana.
In fact, if CoinMarketCap data is to be believed, $BONK appeared even before the new year, in the final week of December. In all that time, it has managed to gain almost 116,000 holders and also burned about 6% of its 100 trillion token offering.
There is no centralized way to burn $BONK yet, and the trillions of tokens burned were sent by the project team itself to dead addresses for a variety of reasons.
$SOL and $BONK price action
The activity around the new token has so excited the Solana ecosystem that even the native blockchain token, $SOL, has managed to climb out from below the $10 price level and soared 35.7% in the past week.
The price of $BONK has risen by 1,700% in all that time and is now holding at $0.000002 per token, with an all-time high of $0.000005. The token has already earned a listing on small and medium crypto exchanges, but is not yet presented on major exchanges.