The Bonk Inu (Bonk) token on the theme of the dog on Solana could be monitored in the coming weeks because a new token emission platform uses part of its costs to buy the token, with nearly a million dollars generated in the first three days after the launch.
LetsBonk.Fun, built by members of the Bonk and Raydium community, was put online on Sunday evening as a tokens program focused on Bonk. Part of the costs will help secure and support the Solana network using the Bonksol validator, by tweets, with more than 10,000 tokens already issued.
On Tuesday, the biggest tokens on LetsBonk.Fun are Hosico ($ 30 million in market capitalization) and LetsBonk ($ 5.3 million in market capitalization).
“I expect the success of the platform to surprise a lot,” said X user in Coindesk well followed in a telegram message. The user is familiarly known as “Bonk Guy” for a viral trade which has transformed $ 16,000 into $ 20 million at the top of a Bonk term trade.
“LetsBonkfun adopts a more innovative and simplified approach for same launches, focusing on the guarantee that users and Solana blockchain / ecosystem can capture a good part of the value it creates,” he added.
“Pump.fun, has made more than $ 600 million in fees since its launch just over a year ago. Imagine what even a fraction of this would mean for Bonk just in terms of purchase pressure,” said Theunipcs.
Bonk tokens increased by 54% last week, shows data, with a major part of this upcoming decision after the launch of Letsbonk on Sunday.
Various term contracts traced on the Bonk show an open peak – or the number of unstable term bets – with the largest of $ 170 million on Saturday to more than $ 250 million on Tuesday, showing a bump in the expectations of a new price volatility.
