While Bonk gains steam, it’s highly likely that it will have a similar fate to other meme or dog-focused crypto tokens that often see a pump, followed by a steep dump and little to no recovery. In the meantime, however, it has helped the Solana ecosystem gain momentum in a time when many crypto players saw it as a goner.

Solana price spikes as newly launched dog coin BONK gains community hype by Jacquelyn Melinek originally published on TechCrunch