Recent on-chain data reveals a remarkable phenomenon: the Bonk protocol generates up to $8 million in fee revenue weekly, half of which is used to buy back and burn tokens. If this trend continues, the annual buyback scale will exceed $100 million.

However, the market still seems to have not fully recognized the potential of Bonk, simply categorizing it as a Meme coin, which may lead to its valuation being severely underestimated. This significant gap between reality and market perception is expected to be gradually corrected in the future.

It is worth noting that Bonk is breaking through the boundaries of traditional Meme coins. In addition to considerable protocol revenue, its expansion in the NFT platform also adds new growth momentum. These factors together drive the fundamentals of Bonk to continuously improve, gradually moving it away from the category of a purely Meme coin.

In the long run, as the market gradually recognizes the true value of Bonk, its undervaluation is likely to be corrected. Although the road to value discovery for Bonk is long, it will eventually come to fruition. Investors may need to reassess Bonk's potential and focus on the substantial developments behind it, rather than merely viewing it as another fleeting market trend.