Solana-based Bonk Inu (BONK) has been trending lately after the announcement of a Coinbase listing. Bonk surged over 500% after the news emerged. While this causes a lot of excitement within the Solana ecosystem, market analysts are warning of a selloff on the horizon. Their optimism lies in Retik Finance (RETIK), a newly launched DeFi token with better utility value than Bonk.
Bonk Inu Price Prediction 2024
Bonk Inu is a meme coin cryptocurrency that was airdropped late last year to Solana ecosystem users. Bonk helped save Solana, which was tumbling at the time due to its ties with Sam Bankman-Fried and the FTX exchange. Bonk’s whitepaper presents the token as a “community coin of Solana.” The project seeks to “flip the script” on “predatory VC (venture capital) tokens that preyed on the wider Solana Community” by giving power back to the people. Bonk airdropped 50% of its supply to NFT collectors and DeFi traders in the Solana ecosystem last Christmas.The current price
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