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The 25 billion BONK tokens airdropped to Solana builders final 12 months are actually value over $600,000 after the meme token has rallied in the previous few months.
In the course of the holidays, it’s common for firms to offer their workers bonuses, normally in money or type. However final 12 months, Solana builders received a probably life-changing bonus once they had been airdropped 25 billion BONK tokens every.
Now, a 12 months later, these builders might discover themselves making fairly a revenue after the worth of BONK has skyrocketed.
BONK to the Moon
BONK is a meme token in the identical vein as Dogecoin and SHIBA. Based mostly on web memes, these tokens aren’t all the time taken severely within the trade. Final 12 months, Solana builders had been requested to fill out a type within the LamportDAO neighborhood. Those that did had the tokens deposited into their wallets.
On the time, the tokens had been value about $300, although it confirmed indicators of promise even then. In below 24 hours, the token had doubled in worth and got here at a vital time for the trade.
Late 2022 noticed the notable collapse of the FTX change and this not solely put a damper on the temper however impacted the markets as nicely. Some builders, upon getting the tokens, bought them, whereas others held on to them.
For the latter group, the return on funding has been enormous. Within the final 30 days alone, the worth of BONK has jumped by over 800% and whereas it’s value fractions of pennies per token, those that get the airdrop might money out considerably. The 25 billion BONK which was value $300 final 12 months is value over $664,000 as of this text.
This exhibits simply how a lot BONK has grown within the final 12 months each when it comes to public visibility and worth. It is among the most talked about meme cash available on the market at this time and inevitably attracts comparisons to Dogecoin, one other iconic meme token. Dogecoin additionally noticed a meteoric rise again in 2021 and this was partially bolstered by the eye that it received from the likes of Elon Musk, who gave it a shoutout throughout his Saturday Night time Reside look.
BONK has managed to attain a lot within the final 12 months and it is a additional testomony to the endurance of meme tokens. It’s simple to dismiss a token that’s primarily based on a humorous meme of a canine however Dogecoin and others have proven that they’ve passionate communities behind them and legit purposes.
As we spherical off the 12 months 2023, BONK is being positioned as one of many tokens to observe in 2024. The Solana builders who acquired the airdrop again in 2022 have already reaped the advantages and because the value continues to rise, so will different traders. In time, we are going to see if BONK continues to progress and joins the ranks of high meme cash.
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