Solana-based Bonk (BONK), which was issued at the end of last year, has become one of the biggest meme coins.
Developed with inspiration from Shiba Inu, Bonk has been launched in the last month. almost 1,000% provided returns.
According to CoinGecko data, Bonk, which gained 77% in value in the last week, ranked third among dog-themed coins, after Dogecoin and Shiba Inu, and fourth among memecoins.
Bonk was developed by a team of 22 people, all of whom have previously worked on Solana-based decentralized applications (dApp) and qualified intellectual property (NFT).
BONK’s development accelerated with the interest shown by the Solana ecosystem in the project. According to CoinGecko, at the beginning of November a little over $5 million BONK, which has a trading volume of $77 million sees volume.
BONK investors continue to make risky transactions. The size of open positions in futures has increased since the beginning of November From $10 million to $100 million rose.