The owner of the Bonk coin is unknown, i.e. anonymous. Bonk was launched on the Solana blockchain in December 2022.
50% of the total Bonk supply of 100 trillion was airdropped to Solana users who have contributed to the development and growth of the Solana network, such as NFT collectors, developers, and artists. The release on December 25, 2022 confirms the fact that it was given as a Christmas gift to the Solana community.
The Bonk DAO is responsible for decisions regarding the future development and management of BONK. Any BONK token holder can vote and express their opinion on the decisions that will be made regarding the BONK meme token.
Why is Bonk coin rising?
The reasons for the rise in Bonk prices can be explained by several factors. One of them can be expressed as the listing of this cryptocurrency on world-renowned cryptocurrency exchanges. In addition, one of the events that caused the price of BONK to rise is the fact that it can be used in leveraged trades on popular cryptocurrency exchanges.
The announcement of one-way staking with the Bonk coin is also considered one of the reasons for the rise in the price of this asset. Thanks to this feature, BONK holders can earn income from BONK without investing a second asset.
We emphasized that a large airdrop was carried out by Bonk. During this process, people who bought Solana Saga, a Solana phone equipped with cryptocurrency features, could request airdrops from Bonk. Moreover, this figure can reach up to 30 million BONK. This initiative was one of the events that increased the value of Bonk.
