The time for the final blog has come, it means that I would like to finish my career as publisher with my head held high. In order to achieve what I want, I need to create a topic, which will be interesting. I came up with the idea that I want to tell you about my recent story about BONK and how I made money just for having NFT’s on the Solana’s projects.
I have been making some money in crypto for a few years, especially working in the NFT sphere. I don’t want to tell all the details, but for the last 2 years I started to work with Solana. I have a lot of NFTs and 5 days ago I received a lot of Bonk’s coins worth about 50$ on that moment. Now let’s find out what the BONK is.

Since the beginning of January till the 5th of January, BONK is up 4335.25% in the last 6 days. It is the first meme cryptocurrency on the Solana blockchain and was responsible for the price increase of the SOL token last week. Few days ago I have sold my coins for 550$ of pure profit.
Solana has been hit hard by its association with Alameda research and the collapse of leading crypto exchange FTX. Price and trading volume have plummeted since FTX filed for bankruptcy.
Huobi exchange, MEXC Global, and Bybit also announced the listing of the token due to increased interest from investors. BONK has been compared to crypto memes like Dogecoin and Shiba Inu, which rose significantly in the bullish market.
However, the interesting announcement has occurred, which may lead to an increase of BONK’s price. The developers behind Solana-based meme coin BONK burned their allocation of 5 trillion BONK tokens early Friday, in a bid to stem the token’s bearish momentum.
After the token burn event, which saw nearly $1 million worth of BONK removed from circulation, BONK’s circulating supply shrunk 5% to 94.16 trillion, per data from Solana block explorer Solscan.
So what is a token burn and why did they do that? The main purpose of token burn is to reduce a cryptocurrency’s supply. As many theories and assumptions go: it can lead to an increase in the prices of the asset.
Solana has been saved from deadlock so far, thanks to Bonk, which makes me glad, because recently SOL to USD price was almost 8$.
Resources: https://decrypt.co/118545/developers-burn-5-trillion-bonk-as-solana-based-meme-coin-slides
https://www.block-chain24.com/news/novosti-gamefi/bonk-povyshaetsya-bolee-chem-na-4000





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