Go To Horny Jail Bonk Meme Long Sleeve T-Shirt

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In the following months, the format gained a strong association with Ironic Doge Memes and gained notable spread online both in video and image format, with notable examples of the meme posted in /r/dogelore and /r/okbuddyretard subreddits, as well as on YouTube, Twitter, iFunny and Instagram (examples shown below). With Bonk’s arrival on Coinbase, it joins famous canine cousins Dogecoin ( DOGE) and Shiba Inu ( SHIB) in the big leagues. This Shiba Inu-themed meme coin has risen rapidly over the past week but is it truly the saviour of SOL or will it join the ranks of the countless meme coins that have become obscure? However, the recent surge of Bonk, a dog-themed meme token based on Solana, has caught increasing attention. After all, if fully-grown adults want to trade digital assets with little intrinsic value, who should stop them?

Despite recent market turmoil, Bonk (BONK) experiences an unexpected recovery, attributed to strategic actions by whale investors.

We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you’ve provided to them or that they’ve collected from your use of their services. Positioned for growth, Bong's chart and community dynamics draw parallels to crypto success stories, hinting at a promising future. All our content is produced independently by our experienced and qualified teams of news journalists. That said, the industry is currently unsure as to how the Howey Test is being applied, with cryptocurrencies like Bitcoin ( BTC) and Ethereum ( ETH) seemingly getting a pass. Through risky bets, traders pile into coins like BONK, SHIB and DOGE looking to catch lightning in a bottle.

Meme coins and tokens are famously volatile, surging and falling based on things like social media sentiment—as seen in many past occasions with Elon Musk and Dogecoin. He goes by the name Bonk, and he comes on a platform of being “the first Solana dog coin for the people, by the people with 50% of the total supply airdropped to the Solana community”. This distinctive approach has captured the interest of both new and experienced crypto enthusiasts seeking meme coins that offer enhanced utility features. While enticing, success requires caution, strategic investment, and recognition of individual project risks in this dynamic yet promising asset class.The Bonk DAO is responsible for making decisions regarding the future development and governance of BONK. To calculate the overall star rating and percentage breakdown by star, we don’t use a simple average. On July 13th, 2019, Instagram [1] page snootboopes posted a video based on two images of a shiba inu dog, with the second image showing the dog humorously malformed with a hand holding a hammer edited in, accompanied by a "bonk" clip art and sound (shown below).

Market Position: As of mid-December 2023, BONK was the third-largest meme coin by market cap, following DOGE and Shiba Inu, and the 43rd largest crypto overall. So what’s behind these platforms giving meme coins the time of day when there are thousands of more “serious” crypto projects out there? The BONK airdrop delivered 50% of the supply to a randomly selected group of Solana NFT collectors, developers and artists. Concluding Remarks Despite BONK's recent success and adoption, it's vital to approach such phenomena with cautious optimism, recognizing the inherent volatility and speculative nature of the cryptocurrency market.

Rather than a jolly big beard and rotund physique, this Santa has a cute nose, pointy ears and a shaggy orange coat. The listing has boosted the mainstream legitimacy of the BONK token and introduced it to Coinbase’s large user base. Before moving to Proactive Investors, he worked as a reporter for a major fintech company with a focus on cryptocurrency and blockchain technology. This group's expertise spans decentralized applications (dapps), NFTs, and other Solana-based initiatives. For example, Reddit user unrestatthedisco made a JoJo's Bizarre Adventure edit of the image in /r/shitpostcrusaders, [4] gaining over 3,400 likes (shown below, left).