๐ What is the 1000BONK project?
โ1000BONKโ 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).
๐น 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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๐ How has BONK performed?
* BONK has seen major price spikes during Solanaโs hype phases
* Reached a notable peak around Dec 2023โJan 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