BONK fever is still raging in the Solana community, as an NFT collection inspired by the dog-themed meme token launched, quickly sold out, and now is trading for 10 times the original sale price. However, the actual Solana-based BONK token is still shedding value after last week’s surge, now down 69% from the peak price. BONKz, a Solana NFT collection co-created by the contributors behind the BONK token, debuted this morning on the Magic Eden marketplace and sold through all 15,000 of the tokenized profile pictures (PFPs) in a matter of hours. (Decrypt)
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BONK NFTs Boom—But Solana-Based Meme Token Is Down 69% Since Peak
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