BONK, the first dog-themed meme coin created on the Solana blockchain, has seen its price increase by 40% in the last 24 hours, according to data from CoinMarketCap.
BONK’s recent introduction of unilateral staking in liquidity pools and its appeal as a community-driven token have significantly influenced this bullish trend.
More than meme coins?
BONK’s rise has sparked debate among cryptocurrency enthusiasts and prominent industry figures.
Anatoly Yakovenko, co-founder of Solana, and Chris Burniske, a prominent cryptocurrency investor, got into a discussion about the potential of meme coins.
Yakovenko wondered if meme coins could transcend their humorous origins to fuel a global movement.
In his response, Burniske emphasized the need for meme coins to benefit all participants, not just insiders, to correct the mistakes of previous crypto companies. He highlighted the importance of aligning valuable labor with the capital it generates.
A new BitMEX listing
In related news, according to a November 20 announcement, a new BONK contract will be listed on BitMEX. The new listing, 100BONKUSDT, will offer traders the opportunity to participate in perpetual swaps with up to 10x leverage, starting tomorrow.
The 100BONK listing, equivalent to 100 individual BONK tokens, offers a more accessible entry point for traders.
