New Meme Token Behind The Last Solana Rally? Listing Disclosure from Huobi!

Lately wither launched on the blockchain BONK a new named cryptocurrency There has been much speculation about the unit.

BONK describes itself as “a dog coin for the people, by the people” and has received a lot of attention and support from the Solana community.

However, meme tokens are assets that should be approached with caution because of their high volatility and lack of any use behind them.

Many memecoins were created as a joke, but some, like Dogecoin, gained real value due to their popularity.

Allegedly Sam Bankman-Fried Is Behind New Solana-Based Altcoin BONK

In addition, there are allegations that Sam Bankman-Fried, CEO of the FTX cryptocurrency exchange, is behind the new meme token BONK, which has been bankrupt and accused of fraud.

According to its description on its official website, one of the things that distinguishes BONK from the others is its distribution model. The team behind BONK claims to airdrop 50% of the total supply to the Solana community, giving everyone a fair chance to acquire coins.

BONK’s price has increased by 60% with the announcement of the cryptocurrency exchange Huobi that it has also listed this coin, and at the time of this writing, it is trading at $ 0.000001023. It is claimed that this altcoin is the reason for the last recovery rally in Solana (SOL).

New Listing on #huobi$BONK @bonk_inu

deposits open
Trading starts soonhttps://t.co/TOVqFTFkQ7#newlisting #fading pic.twitter.com/7cvOaa1m8h

— Huobi (@HuobiGlobal) January 3, 2023

We’ll see if BONK can maintain its current price level or if it will ultimately be a fad. However, it is clear that the Solana community is excited about the launch of this new coin and it will be interesting to see how it evolves in the future.

*Not investment advice.