The Rise and Retracement of $BONK: A Look at the Meme Coin Phenomenon
Over the past year, meme coins have gained significant attention and popularity in the cryptocurrency space. One standout success story has been $BONK, a Solana-based dog meme coin. Starting as a unique airdrop to certain Solana users, $BONK quickly gained traction and saw remarkable growth, soaring by over 25,000% within a year. With over 110 integrations in DeFi, gaming, development, and exchanges, $BONK became one of the best altcoins to buy.
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