This setup makes Bonk coin — and most cryptocurrency — a risky investment proposition. Burning is a popular way to help induce deflation in cryptocurrency, and it helps maintain traders’ confidence that the market will not be oversaturated with coins. The second-largest crypto, Ethereum, made a similar move in 2021, when it began burning transaction fees on its network. Caden has been involved with crypto since 2018, when he began investing, trading, and mining tokens. He took part in undergraduate research studying cryptoeconomics at the University of Michigan, where he will graduate Phi Beta Kappa with a bachelor’s in economics in 2025. He is experienced with DeFi technology and multiple blockchains, currently investing in Ethereum and Bitcoin.
Read about Shiba Inu (SHIB) and Dogecoin (DOGE) – the most well-known memecoins. In line with the team’s strategy, 50% of the total supply was airdropped to Solana users (artists, creators, and active community members). The tokens would remain with the platform until both parties confirm the PayPal payment, after which they would be released to your wallet. At present, the project boasts an impressive community base, with over 649,000 holders and more than 100 integrations across various Web3 projects, extending its support to 10 different blockchain networks.
Best Solana wallet: Your Starter Guide (
Regular users encounter a 0.10% maker-taker fee, while BTC and ETH investors trading in the spot market currently enjoy fee-free transactions. Binance stands as arguably one of the most popular and widely utilized cryptocurrency exchanges globally, boasting a user base of over 90 million customers worldwide. Over the past couple of years, it has ascended to a significant level and is currently among the most renowned crypto entities. The cryptocurrency market’s recent signs of growth has refocused investors’ attention on projects like BONK. Despite being a relatively newer memecoin, this crypto, built on Solana, has experienced significant growth in recent weeks. Calling itself “the dog coin of the people,” Bonk coin is a dog-themed cryptocurrency based on the cryptocurrency trezor vs. ledger review Solana.
If you’d like to fund, or send funds to, your Phantom wallet, you can do so via the “Buy” button on your asset tab. We offer various funding options, such as MoonPay, PayPal, and Robinhood to make it easy for you to fund your wallet. If you’d like a friendly multichain wallet for crypto, NFTs, and DeFi, try us out. We offer browser extensions for Firefox, Chrome, Brave, and Edge, as well as apps for iOS and Android.
These people believe that other chains are better than Ethereum for long-run use, with features such as faster transactions and lower costs. BONK has swiftly risen to prominence as a top meme coin within the cryptocurrency realm, despite being just about a year old. This recognition positions it well to further solidify its presence in the crypto space, potentially paving the way for collaborations and partnerships with other projects.
If you’d like to trade BONK but this is your first time using Solana—don’t worry, we’ve got you covered. With our Cross-Chain Swapper you can swap to BONK across Solana, Ethereum, and Polygon right from your Phantom wallet. Dogecoin, launched in December 2013, was initially created as a joke by software engineers Billy Markus and Jackson Palmer.
Which Crypto Wallets Support BONK?
Memecoins and tokens are a relatively new phenomenon, and are closely tied to the nexus 7 pwn pad kali linux nethunter wifi hack security penetration tablet kit emergence of cryptocurrencies and the culture surrounding internet memes. Bonk (BONK) is the 59th largest cryptocurrency by market cap, valued at US$1,479,269,722. As the token operates on Solana, any multi-chain wallet that supports Solana will effectively handle deposits, withdrawals, or swaps involving the BONK token. There are numerous options available such as Exodus, Trust Wallet, Atomic Wallet, Phantom Wallet, and more that you can utilize to securely store your BONK tokens. While these methods might vary in availability across different platforms, here are some common ways investors can expect to acquire BONK tokens. BONK, as described on its website, prioritizes community engagement, evident through its extensive integrations with Web3 partners, ranging from wallets to NFTs and gaming platforms.
- It garnered attention within the finance industry by becoming the first-ever crypto company to be publicly listed on the stock market.
- Bonk coin is one of the newest of some 20,000 cryptocurrencies in existence, and like almost all coins, its price is not backed by anything more than the sentiment of traders who want to buy and sell it.
- This involves finding a BONK sell order on such a platform and offering payment via PayPal.
- Overall, memecoins represent a niche within crypto that leverages internet culture, memes, and community-driven enthusiasm, but they also come with heightened risks and speculation.
Bonk Price Live Data
If you are a beginner, we recommend that you check out our guide on how to buy cryptocurrency safely. As mentioned previously, BONK was initially introduced through an airdrop to many ecosystem participants before its official launch in the what is personal data market. However, unlike many of its counterparts, the token did not follow a typical price trajectory characterized by sharp rises followed by significant plunges that persist for several years. Meanwhile, check out our Coinbase vs Binance guide to discover the one that delivers the best services among the two. This guide aims to explore how to buy BONK, where to acquire it, and its potential price for those keen on investing.
Headquartered in Seychelles, MEXC exchange holds official licenses for representation in countries like the USA, Canada, Switzerland, and Australia. With over 180 trading pairs available, the platform offers a vast array of cryptocurrencies within the DeFi, metaverse, and meme sectors. Meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) have gained popularity in the crypto world, primarily fueled by social media and community engagement.
Established in 2017, KuCoin stands as a prominent cryptocurrency exchange dedicated to facilitating the seamless global exchange of digital assets. Recognized as the “people’s exchange,” KuCoin prioritizes user-friendly design, a simplified registration process, and robust security measures. For investors eyeing BONK, Binance emerges as an excellent option due to its provision of multiple trading pairs, including USDT, TRY, FDUSD, and more, enabling diversified purchasing avenues for the token. BONK—a memecoin on the Solana blockchain—is one of the newest and hottest crypto tokens. An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading Bonk.