BONK INU - the very first dodge coin of Solana protocol.
Channel: LateNite Live
Date: 2023-01-08

BONK INU has recently seen to have surged more than 2000% in just a few weeks and this was caused by many factors including the listing from Hobby Exchange, a 50% of the coins being airdropped to Salona based NFT collections and creators resulting in rapid hype for the project. 

Plus, Orca, which is a Solana based decentralized exchanges also provided liquidity pools for BONK INU new trading pair where it allows investors to stake the crypto tokens to earn transaction fees which netting over 20 million in cumulative trading volume. 

However, according to Wu Blockchain alerted that the top 20 holders of bank accounted for about 50% of the total supply of which BONK INU DAO accounted for 15% and a critical part was that the obtained from airdrops at no cost could provoke a sharp sell off  at any time. 

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