BONK transaction numbers overwhelm Ethereum as memecoin hype continues
Shiba Inu (SHIB) Killer BONK maintains its bright start as a memecoin as it continues to hit new milestones, including surpassing total transactions on the Ethereum (ETH) network. .according to Tweet According to meme coin’s official account, the token has recorded a total of 4,623,518 transactions over the past 14 days, more than 50% higher than Ethereum’s 1,831.79 million.
BONK became a sensation in the cryptocurrency community when it was touted as the first dog-focused token on the Solana blockchain network. With so much thrill-seeking in the cryptocurrency ecosystem on the move, many jumped in to buy the token, pushing its price to a very high pedestal.
At the time of writing, Bonk is trading at $0.000001925, down 56.68% over the last 24 hours. Over the past seven days, he has risen more than 2,000%, even though the token’s price has fallen significantly every day. As a new meme his coin, Bonk is set to break the return records of both Shiba Inu and Dogecoin (DOGE), and many of its community members believe its bullish momentum is building.
BONK token burn thrill
The BONK token may be a young meme coin, but it has a very unique design, one of which is its deflationary nature. So far, BONK tokens have burnt out over 500 billion of his 56 trillion coins in circulation.
For the design of the coin burning mechanism, the new Solana mobile phone Saga could also be used to burn BONK tokens. Solana Mobile hinted at this possibility on Twitter. As reported by U.Today, when users said they might consider using BONK tokens to buy mobile phones if some of their earnings were to be burned.
BONK’s journey has only just begun.