Kevin bonk meme A new blockchain project is Solana. In general, meme coins do not have a long-term role in the digital currency market, but meme coin bank has attracted all the attention in the digital currency market in recent days due to its significant price growth. Also, in a very short period of time, it gained popularity and good acceptance.
Solana blockchain To save itself from collapse, Mim introduced Coinbank. Meme Coin Bank was able to grow in a short period of time and lost funds Solana restore to some extent. In the continuation of this article, we will introduce this meme coin and its effects on the price of Solana.
For a better understanding of this article, we suggest you read the article “What is Solana” in Valax blog.
Introducing bonk coin meme
In short, memecoins are digital currencies that have gained popularity in a short period of time. These meme coins are often related to a specific blockchain and its designers use influencers to promote it. Among the most famous meme coins are: Shiba Ino (Shiba Inu) on the platform of Ethereum blockchain and Dogecoin (DogeCoin) pointed out.
Read more: What is MemeCoin?
What is Bonk Inu?
This bank (Bonk Inu) is a new meme coin based on the Solana blockchain. The initial stages of the launch of this meme coin began in mid-2022 and finally, it was launched on December 25, 2022. Not even a month has passed since the start of the activity of the Coin Bank meme, and it has become the main headline of digital currency news. The activity of the bonk coin meme caused thousands of users to return to the Solana blockchain. Considering the growth of Mimcoin Bank, it is predicted to have a very good future compared to other Mimcoins.
The purpose of launching the bonk coin meme
Developers of the meme Coin Bank One White paper (White paper) published a summary of this project, in which the future vision of this project and the purpose of its launch are stated. Of course, the Mime Coinbank whitepaper is not complete and we have to wait for a more complete version to be published. According to the explanation in the white paper, the purpose of launching Mime Coin Bank is to improve the Solana blockchain. In fact, the bank’s development team launched this coin on Solana’s blockchain to come to Solana’s rescue and save it from collapse.
In the last three months of 2022, the Solana ecosystem faced a turbulent period with the collapse of FTX. Hence, many users and developers, because of Solana’s association with FTX As an early investor, they left Solana. Many users are still worried about Solana collapsing or becoming a scam due to cooperation Sam Bankman Fried (Sam Bankman Fried) were from FTX. Ultimately, these fears and mistrusts caused many people, including individual users and NFT projects, to withdraw from Solana.
After this incident, the developers thought of a way to save Solana until, Kevin bonk meme It was designed and launched with the aim of revitalizing Solana. Of course, that’s a pretty big goal for a memecoin. But the results show that the Coin Bank meme has increased the contributions of Solana-based platforms. Finally, as these partnerships with the Solana ecosystem increase, so does the popularity and acceptance of the Coinbank meme among users.
The effect of bonk coin supply on the price of Solana
In general, after the introduction of the Coin Bank meme, the digital currency community has shown a positive and good reaction to it. Since its introduction on December 25th, the bonk meme coin has reached an intra-chain transaction volume of over $19 million, 85,000 investors with a market capitalization of $93 million. According to ready-to-hand statistics, in the last week alone, more than 500,000 transactions have been made by users using the bank’s meme coins.
After all these events for the bank, Solana is currently valued at $13.59. This shows that the release of the bank caused Solana to increase by 1.02% and this is a good success for Solana’s bonk meme coin project. Another important feature of the bank is the possibility of free airdrops by celebrities NFT collectors which makes the bank’s popularity higher and plays a more important role in increasing the price of the Solana token. All these things show that Mime Coin Bank has succeeded in saving Solana and can be the best Mime Coin in the digital currency market in the future.
Analysts’ views on the coin bank meme and its future
Currently, it is not recommended to buy and sell or invest in Meme Coin Bank. This memecoin should generate higher profitability and publish a detailed long-term plan of its future activity. Currently, only one project is equal to a marketing event. Of course, many analysts are skeptical about the future development of the bonk meme coin and believe that most meme coins are only doing well for a while. With all these interpretations, the bank has performed well so far and has almost saved Solana from falling. This will help increase Solana’s wealth in the future. However, Solana still hasn’t given a plan to bring back the lost investors in 2023.
What is Bonk? Introducing Kevin Solana’s first meme for the first time on Wallex blog. appeared.
