$102,845.00
-2.12%$2,459.60
-6.40%$2.14
-3.19%$639.54
-4.11%$147.62
-3.78%$0.999788
0.00%$0.175751
-7.57%$0.27717
1.32%$0.639315
-5.81%$2,455.84
-6.42%$102,682.00
-2.25%$34.77
-2.14%$2,961.46
-5.63%$3.01
-5.76%$13.18
-4.96%$19.35
-4.56%$0.261387
-2.05%$8.78
-1.40%$385.83
-4.36%$3.08
-3.82%$0.00001223
-4.95%$0.999721
-0.00%$0.164479
-2.26%$2,458.89
-6.37%$84.27
-4.52%$2,626.57
-6.31%$1.003
0.26%$3.92
-3.25%$318.20
0.18%$1.001
0.02%$4.60
-2.99%$0.00001091
-8.99%$102,890.00
-2.18%$0.621798
-4.26%$31.15
-0.75%$246.56
-7.16%$6.03
-4.98%$1.18
0.06%$363.38
-4.57%$49.89
-0.31%$0.098417
-2.01%$1.00
0.00%$4.59
-4.42%$2.31
-5.66%$177.96
-3.94%$4.96
-5.99%$0.800581
-3.57%$16.59
-4.38%$1.054
0.05%$29.76
-4.78%$18.61
-2.93%$1.002
0.25%$0.082862
-0.91%$0.637637
-4.38%$0.02300753
-3.42%$9.72
-11.00%$0.732101
-8.36%$4.41
0.04%$3.65
-3.28%$4.17
-3.20%$102,518.00
-2.16%$0.203797
-5.62%$0.293574
-6.89%$1.056
-6.45%$2.42
-5.95%$111.89
-3.90%$0.333624
-7.43%$0.185178
-3.34%$0.073901
-1.90%$0.998185
0.15%$2,464.67
-6.14%$4.35
-2.06%$0.999749
-0.06%$11.12
-0.54%$0.465411
-10.32%$1.002
0.06%$2.03
-6.21%$155.09
-4.58%$1.22
-2.47%$0.01785892
0.52%$0.371669
-4.86%$2,796.89
-6.36%$0.00001495
-5.43%$11.75
-3.67%$1.70
-7.26%$3.95
-2.36%$2,570.01
-6.23%$0.703253
-7.01%$1.055
15.40%$1.12
-4.80%$0.60318
-4.28%$1.003
0.38%$0.183772
-5.23%$0.999797
0.01%$1.00
0.02%$0.059071
-1.57%$102,636.00
-2.16%$0.50143
-8.90%$0.587897
-5.34%$2,644.33
-3.87%$2,616.14
-6.70%$0.089593
-5.37%$639.71
-4.06%$102,808.00
-2.07%$0.620641
-2.71%$0.836288
-5.23%$3,373.74
0.10%$2,581.57
-6.33%$3,394.09
0.31%$103,817.00
-1.10%$48.16
-4.30%$0.00008046
-2.73%$164.09
-4.00%$2.28
-8.35%$0.72813
-3.44%$191.24
-4.17%$0.01575622
-4.74%$111.32
0.01%$0.769297
-12.87%$0.999947
0.01%$0.00000068
-2.36%$0.01378058
-4.24%$20.07
-7.60%$4.10
-0.97%$0.172802
-5.01%$0.264957
-3.65%$0.478888
-1.92%$32.25
-3.77%$0.997759
0.04%$0.109818
-5.45%$2.01
0.42%$102,348.00
-2.31%$2.13
-1.62%$0.104398
-4.60%$0.608963
-6.39%$1.10
0.08%$1.77
-4.12%$0.00942738
-7.61%$1.092
0.51%$0.551886
-4.56%$0.999902
-0.00%$0.710878
-1.11%$2,466.18
-6.18%$0.351604
-4.45%$9.74
1.45%$1.91
-1.01%$1.56
-4.73%$2,463.16
-6.26%$2.86
-3.75%$2,591.65
-6.07%$0.193512
1.18%$102,925.00
-2.03%$2,628.40
-6.14%$0.265403
-3.72%$34.71
-2.00%$2,459.09
-6.41%$0.999057
0.02%$0.01458761
-4.68%$102,579.00
-2.22%$0.485064
-7.49%$2,655.24
-6.53%$0.065425
1.30%$0.0466445
-6.55%$0.41862
-4.38%$0.0495839
-0.53%$0.176257
-7.32%$0.617917
-5.29%$0.999716
0.00%$0.127342
-5.43%$0.00420631
-12.73%$101,441.00
-1.42%$14.71
-5.76%$1.36
-8.42%$0.525833
-4.83%$0.00002075
-3.77%$5.81
-3.64%$1.088
0.00%$0.493047
-9.08%$1.023
-5.89%$44.80
1.79%$0.00000041
-1.54%$1.00
0.02%$0.995579
-1.08%$1.68
-2.73%$36.67
-1.21%$0.373271
-9.08%$2,459.16
-6.35%$6.07
-6.58%$0.999905
-0.18%$2.37
-3.79%$0.326656
-8.47%$34.64
-2.04%$0.999956
0.02%$0.0066006
-4.63%$0.377088
-4.78%$0.0040877
-6.37%$0.072729
-4.79%$0.01900664
-1.22%$2,608.94
-6.31%$1.28
-8.02%$0.03738166
-4.04%$0.143911
-1.34%$1.079
-6.03%$0.00439561
-8.36%$0.134652
-5.99%$0.524852
-9.09%$2,710.42
-6.36%$0.343035
-3.02%$1.22
-6.54%$0.03345964
0.87%$0.00391601
-3.54%$0.789931
-2.16%$102,500.00
-0.96%$102,777.00
-2.19%$0.070624
-8.00%$2,683.85
-6.57%$123.09
-4.88%$0.00613652
-6.06%$7.80
-11.24%$0.00000081
-9.40%$0.00005799
-1.99%$19.22
-1.43%$0.999894
0.02%$1.00
-0.01%$2,463.86
-6.24%$0.203679
-5.68%$1.00
0.03%$19.38
-4.15%$0.124065
-6.39%$160.40
-3.75%$2,450.24
-6.74%$2.96
3.14%$0.310465
-2.79%$1.52
10.20%$0.00000141
-2.76%$0.624838
-9.08%$0.286318
-8.25%$0.610124
-5.87%$0.462263
-5.12%$0.196594
-6.92%$2.27
-7.44%$0.00393848
-4.72%$1.67
-0.96%$0.999572
0.02%$0.00299403
-6.17%$102,342.00
-1.76%$2,065.82
-2.06%$0.99946
-0.10%Reading
The developers behind Solana-based meme coin BONK burned their allocation of 5 trillion BONK tokens early Friday, in a bid to stem the token’s bearish momentum.
After the token burn event, which saw nearly $1 million worth of BONK removed from circulation, BONK’s circulating supply shrunk 5% to 94.16 trillion, per data from Solana block explorer Solscan.
$BONK represents the best of Solana. Our community is working together across the ecosystem to make positive change for all of us.
The 5 Trillion $BONK tokens allocated to “The Team” have been burned. pic.twitter.com/g7w62sdKhb
— Bonk! (@bonk_inu) January 5, 2023
A token burn is a standard process to reduce a cryptocurrency’s supply, which—so the theory goes—can lead to an increase in the prices of the asset.
But BONK reacted otherwise.
At the time of the token burn, each BONK token changed hands at around $0.00000244, per data from CoinGecko. Since then, the token has lost around 12% in value and trades at $0.00000192 as of this writing.
Over the past 24 hours, BONK has lost nearly 50% of its value, despite the dev team’s token burn.
Meme coins and tokens are famously volatile, surging and falling based on things like social media sentiment—as seen in many past occasions with Elon Musk and Dogecoin. Now BONK, a Solana-based, dog-themed token, is experiencing that same kind of turbulent momentum, falling by over half today after ascending to an all-time high price overnight. BONK has surged over the past week, fueled by Solana developers and aficionados that are embracing the jokey vibe and memey nature after months of declin...
However, that pales in comparison to the meme coin’s weekly performance, which has seen BONK surge by 2,015%. BONK’s performance has also lifted Solana, which is up around 35% on the week (albeit dropping by around 2% in the past 24 hours).
Despite its short-term adverse price action, BONK saw strong growth in user activity over the past week.
According to data from Dune Analytics, BONK has recorded over 4 million transactions over the past three days, a figure slightly higher than the total amount of transactions processed by the Ethereum blockchain over the same period.
The token has also seen its daily active users (DAU) increase over the past week. Nearly 15,000 users have interacted with the token over the past three days.
Daily active users is a measure to track the user activity associated with a dapp or cryptocurrency. The higher the value, the more interest in the token prevails in the market.
As of this writing, more than 103,759 wallet addresses hold BONK tokens, a figure that saw a 99.9% increase since December 25, 2022, per data from Solscan.
Circle stock surged Thursday as the stablecoin issuer began trading on the New York Stock Exchange, marking one of the strongest debuts by a crypto-native firm in recent memory. The offering raised nearly $1.1 billion, giving Circle a closing market capitalization of $18.4 billion, positioning it behind sector giants but ahead of smaller entrants. Trading under the ticker CRCL, Circle listed 34 million shares and quickly attracted investor demand. The stock opened at $69 and peaked at $103.75 i...
Crypto users are finding a new way to put their knowledge to the test: prediction markets. The markets, which have grown in popularity since the United States presidential election, allow users to trade probabilities in real-time, predicting outcomes related to sports, pop culture, weather, crypto, politics, and more. Below, we’ll dig into some of Myriad Markets’ most popular and interesting prediction markets this week. (Disclaimer: Myriad Markets and Decrypt share a parent company in DASTAN...
Bitcoin and major altcoins tumbled late Thursday as concerns about the the re-escalating trade war, slowing U.S. economic indicators, and a brewing feud between U.S. President Donald Trump and billionaire Elon Musk trumped euphoria over Circle's smash debut as a publicly traded company. The largest cryptocurrency by market capitalization was recently trading at about $100,825, down nearly 4% during the past 24 hours, according to crypto market data provider CoinGecko. Bitcoin, which last sank be...
