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BONK airdrops on Solana, and goes up 4,300% in a week

Airdropped on the Solana blockchain on Dec. 30, the new meme coin BONK, which follows after the likes of DOGE and SHIB, recorded impressive numbers in the last week.
As for most meme coins, it is usually more about community than utility. Shilled by influencers with large followings on Twitter, BONK rapidly saw interest from the meme coin aficionados looking for quick returns.

However, as it is on the Solana blockchain, could this be what SOL needs to get back up after it greatly suffered from FTX’s collapse, before the hype on BONK dies down, as it did for its predecessors ? Projects on the Solana blockchain have been switching to other ecosystems in the past few weeks, trying to avoid being collateral victims of the SOL price’s collapse.

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Greetings, I go by the name of Flavien - a devoted supporter of cryptocurrency and a tech aficionado who has been keeping track of the developments in the world of blockchain and digital currencies since 2019. The potential of decentralized digital currencies to revolutionize our financial systems has captivated me, and I'm constantly exploring the most recent trends and advancements in this ever-evolving industry. As a content creator for Krypto Channel, my aim is to deliver informative and engaging articles that shed light on all aspects of the crypto world. Whether you're a seasoned investor or simply curious about blockchain technology, I am here to keep you updated on the latest happenings and trends. Being part of this lively and dynamic community is an honor, and I am thrilled to share my passion for cryptocurrency and blockchain with all of you.
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