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Shiba Inu coin BONK on Solana is dropping again, and this round of decline is quite sharp 😅
Speaking of BONK, this meme coin actually gained some popularity in the Solana community when it was launched at the end of 2022. Mainly attracted attention through airdrop strategies, early adopters and NFT holders received a good amount of tokens, and for a while, the community cohesion was pretty strong.
Interestingly, BONK isn't just a pure meme coin; it also integrates several Solana ecosystem dApps, making it somewhat practical. But on the other hand, coins based on the Shiba Inu concept are inherently volatile, and this becomes even more obvious during a market downturn. SOL dropped 5.54%, and BONK also fell 6.77%, which is the fate of meme coins, I guess 💀
The current question is, can BONK withstand this correction? Or will we have to wait for the next community hype? It seems that projects on Solana have been testing investors' patience lately.