๐Ÿ” What is the 1000BONK project?

โ€œ1000BONKโ€ typically refers to BONK, a meme coin built on the Solana blockchain. The term "1000BONK" just means 1,000 units of BONK โ€” which is a tiny amount, since the coin has an enormous total supply (in the hundreds of trillions).

๐Ÿ”น About BONK:

* Launched in late 2022

* First major dog-themed meme coin on Solana (think Dogecoin or Shiba Inu, but for Solana)

* Created as a community-driven token, without large allocations to venture capitalists

* Commonly used in Solana DeFi platforms, NFT giveaways, and promotions

* Designed to be highly inflationary

Due to its tiny individual coin value, BONK is usually measured in billions or trillions rather than thousands.

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๐Ÿ“ˆ How has BONK performed?

* BONK has seen major price spikes during Solanaโ€™s hype phases

* Reached a notable peak around Dec 2023โ€“Jan 2024 during a Solana surge

* Prone to extreme volatility โ€” swings of 50% or more in a single day are not uncommon

* Closely tied to the overall health of the Solana ecosystem