BONK, the primary dog-themed meme coin created on the Solana blockchain, has seen its value bounce by 40% over the previous 24 hours, in accordance with CoinMarketCap data.
BONK’s current introduction of single-sided staking on liquidity swimming pools and its attraction as a community-driven token have considerably influenced this uptrend.
Greater than meme cash?
The rise of BONK has sparked a debate amongst crypto fanatics and outstanding figures within the business.
Anatoly Yakovenko, co-founder of Solana, and Chris Burniske, a notable crypto investor, engaged in a dialogue in regards to the potential of meme cash.
Yakovenko contemplated whether or not meme cash might transcend their humorous origins to gasoline a worldwide motion.
In his response, Burniske pressured the necessity for meme cash to profit all contributors, not simply insiders, to appropriate the missteps of earlier crypto ventures. He pressured the significance of aligning precious labor with the capital it generates.
A brand new BitMEX itemizing
In associated information, a brand new BONK contract is ready to be listed on BitMEX, in accordance with a Nov. 20 announcement. The brand new itemizing, 100BONKUSDT, will supply merchants the chance to interact in perpetual swaps with as much as 10x leverage, ranging from tomorrow.
The itemizing of 100BONK, equal to 100 particular person BONK tokens, gives a extra accessible entry level for merchants.