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Bonk
Institutional Holdings of Meme Coins Surged Since January
Institutional allocations to meme coins have surged over 300% this year, reaching a peak of almost $300 million in April, according to crypto exchange Bybit. Dogecoin and shiba inu were favored among institutional investors for their liquidity, and Solana meme token BONK emerged as the most popular of the new meme coins, attracting over $75 million in institutional bets. Holdings were tracked exclusively on Bybit and do not include those on other exchanges. CoinDesk's Helene Braun presents "The Chart of the Day."
Revolut to List Bonk, Distribute $1.2M of Meme Coin in 'Learn' Campaign
Bonk's proponents hope to increase the meme coin's user base by 500,000.
The Biggest BONK Whale Just Invested in 'Ycombinator for Solana'
What started as a joke is turning into real business for Solana.
BlackRock, Other Potential ETF Provicers Reveal Fees; ARK Invest Unloads COIN
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines shaping the crypto industry today, including BlackRock, Fidelity, and other potential bitcoin ETF providers revealing their fees as the crypto industry awaits final approval from the SEC. Plus, ARK Invest sold a further $20.6 million worth of Coinbase (COIN) shares. And, dog-themed token bonk (BONK) is down over 70% from a December peak that saw the token listed on prominent exchanges.
The Protocol: Is Solana's Rebound The Real Thing?
Solana has been one of the biggest gainers of the latest crypto cycle, with a handful of airdrops and meme tokens accelerating big boosts in the price of SOL. Also, Ethereum co-founder Vitalik Buterin has released an updated roadmap for the ecosystem.
BONK Falls 13% as Solana Ecosystem Sees Profit Taking After Memecoin Frenzy
Solana ecosystem tokens have surged several multiples in the past month. Traders could now be taking profits to rotate funds into newer plays.
Ledger Removes 'Malicious Version' of Connect Kit; Why Is Meme Coin BONK Surging?
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest crypto stories of the day, including details on why a compromised version of Ledger software prompted a warning for crypto users to avoid interacting with dapps. JPMorgan analysts are cautious about the crypto markets next year. And, a closer look at why the Solana-based meme coin BONK is rallying.
Meme Coin BONK Spikes 40% on Coinbase Listing
Prices reversed nearly all losses from last week following the announcement. BONK traded at $0.000014 on Thursday morning, with a trading volume of over $235 million.
Solana Hype Bumps BONK to Third-Largest Dog Token, Behind DOGE, SHIB
A more than 70% surge since Sunday has catapulted bonk to the third-largest dog-themed token behind foremost dogecoin (DOGE) and shiba inu (SHIB).
