Bonk (BONK) is a brand new meme token with a Shiba Inu emblem that airdropped half of its whole provide of 56 trillion tokens. Throughout an airdrop, a cryptocurrency releases a free provide of its token to a variety of crypto wallets as a tactic to accumulate customers or as a reward for group members.
The Solana group 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.
In response to CoinGecko, the Shiba Inu-themed meme coin additionally elevated over 100% within the earlier 24 hours.
Nevertheless, some folks 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, generally known as “Bitboy Crypto” and a widely known crypto influencer and YouTuber, has acknowledged that SBF and Alameda are chargeable for Bonk.
He said, “In the event you don’t suppose it’s doable SBF/Alameda is behind BONK, you might be intellectually dishonest. I’m not saying it’s assured, however the extra I take a look at it the stronger I consider the likelihood is.”
Nevertheless, this opinion is just not shared by those that commented on the submit, with some saying Armstrong is ‘deranged’ and obsessive about SBF.
Bonk has gained traction, however it’s doable it’s going to observe 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 acquire momentum at a time when some thought of it lifeless.
That is probably the most encouraging information for the Solana market previously two months for the reason that collapse of cryptocurrency trade FTX in early November, which precipitated SOL’s worth to drop and curiosity within the space to wane.