BONK’s Bid For Survival: New NFT Release Amidst Crypto Market Recovery - Coinpedia Fintech News

BONK’s Bid For Survival: New NFT Release Amidst Crypto Market Recovery – Coinpedia Fintech News

Last week, we witnessed a fervent frenzy surrounding the new Solana-based meme token, Bonk (BONK). Although we harbored hope that it would sustain its momentum, we couldn’t help but suspect that it would eventually fizzle out, as is often the case with new meme tokens. Indeed, this phenomenon has occurred multiple times within the industry.

As reported by CoinPedia, BONK’s value skyrocketed by approximately 3,000% within a matter of days last week. However, as of this writing, it has experienced a dramatic 10% drop within a 24-hour period. It appears that Solana and BONK are now striving to salvage the meme token from oblivion.

BONK’s Non-Fungible Tokens

On January 10th, BONK planned to release more than 15,000 NFT collectibles on the Solana-based marketplace, Magic Eden. These NFTs, intended for use as profile photos on platfor