$87,636.00
3.56%$1,649.58
3.67%$2.14
3.62%$605.26
1.89%$140.73
1.11%$0.999994
0.00%$0.162332
3.85%$0.647227
3.95%$0.244945
0.90%$1,647.83
3.61%$87,602.00
3.75%$9.45
1.35%$13.59
3.89%$20.76
5.53%$0.259586
6.40%$3.05
2.48%$0.0000127
3.32%$2.28
7.33%$0.173735
6.24%$0.999939
-0.00%$1,979.21
3.74%$342.71
2.45%$81.21
6.28%$18.37
3.36%$3.96
2.35%$4.50
0.44%$0.999881
0.13%$0.998824
-0.03%$1,650.70
3.79%$0.638205
1.47%$28.21
1.01%$216.26
0.99%$1,757.80
3.74%$87,513.00
3.31%$0.00000787
6.24%$5.48
4.34%$5.20
6.45%$51.18
0.71%$23.11
2.49%$0.890052
5.90%$2.33
7.35%$319.83
4.67%$32.61
-2.36%$1.048
-0.02%$1.00
0.00%$16.24
1.90%$5.00
3.31%$4.48
4.33%$0.084302
1.92%$0.670418
1.48%$145.82
4.31%$0.083163
8.18%$1.17
0.01%$0.02458264
5.53%$4.27
2.27%$4.23
-0.09%$87,475.00
4.03%$2.68
2.79%$0.202645
5.80%$0.196202
3.76%$0.30149
6.82%$8.35
1.64%$0.999543
0.11%$2.63
6.50%$0.604883
4.31%$0.494188
5.93%$0.313363
4.50%$3.94
1.17%$87,480.00
3.44%$9.99
1.09%$0.72852
3.32%$147.31
1.29%$1,406.94
4.17%$0.400683
-0.15%$0.071952
0.49%$0.707234
14.88%$1.039
1.71%$0.0164013
0.33%$0.792624
5.50%$3.76
0.52%$1,650.54
3.76%$0.0000128
4.52%$0.653367
3.80%$67.37
2.91%$1,719.01
3.74%$0.999342
-0.04%$0.180519
5.48%$0.905393
7.95%$0.486391
0.54%$8.99
8.45%$15.34
1.00%$1.00
0.06%$1.00
0.11%$3,421.46
2.08%$0.628734
4.01%$0.086145
5.90%$0.999894
0.02%$1,858.56
3.74%$3,421.98
2.17%$605.26
1.97%$86,978.00
3.58%$0.01494192
-0.37%$0.01639806
7.68%$87,456.00
3.42%$0.286285
8.25%$155.28
1.23%$0.998103
0.05%$0.677457
-1.77%$0.670479
2.00%$0.746103
5.21%$2.29
3.84%$181.10
1.22%$1,753.69
3.72%$0.172574
4.96%$3.51
2.25%$0.998564
-0.01%$0.106702
4.92%$0.00000061
1.17%$2.01
2.76%$0.01797402
0.32%$0.379026
2.70%$0.243941
9.13%$1.11
0.73%$0.31606
12.36%$29.46
3.05%$88,213.00
6.40%$0.0000599
4.26%$0.4446
5.87%$1.71
2.50%$3.35
7.90%$0.510633
2.44%$0.145442
3.28%$1,726.44
3.53%$31.95
2.43%$0.00554729
18.87%$0.524242
-11.44%$15.24
6.16%$0.998402
0.01%$85,205.00
3.55%$0.068281
3.68%$1.72
-0.60%$0.999998
0.01%$0.61065
3.64%$2.18
-0.36%$0.423337
0.66%$0.999998
0.01%$89,241.00
0.93%$0.445004
5.08%$87,711.00
3.66%$1.25
6.79%$0.00767804
5.42%$0.463678
8.18%$0.00000043
1.38%$1,720.50
3.62%$0.00002102
4.09%$0.162455
3.75%$14.65
1.77%$1.084
0.01%$1.00
0.02%$5.74
2.66%$0.137418
4.44%$87,318.00
3.80%$1,645.17
3.48%$110.75
0.00%$0.596222
5.35%$3.55
5.64%$0.477759
3.32%$2.37
3.27%$0.072819
4.26%$41.56
4.14%$5.66
2.37%$1,649.74
3.58%$0.03835036
2.64%$22.22
-1.64%$0.079581
9.00%$0.03624134
5.33%$0.999857
-0.01%$1,649.34
3.65%$1,756.69
3.97%$1,649.07
3.65%$1.001
0.23%$1.00
-0.01%$0.00667715
5.92%$0.171824
3.78%$0.424869
5.23%$0.00006306
3.30%$0.196275
3.68%$0.283521
4.73%$0.787916
2.66%$0.00520771
6.43%$0.12405
-1.90%$0.01691202
1.19%$0.997775
-0.02%$0.521347
5.06%$0.999863
0.01%$0.00371475
3.23%$0.03111145
1.22%$0.72422
3.94%$1,666.99
3.80%$0.999857
-0.04%$0.308315
3.24%$0.140516
5.68%$2.60
4.55%$109.86
2.00%$0.999157
-0.06%$87,572.00
3.56%$1.12
6.56%$3.45
7.00%$0.223468
3.74%$3,232.49
0.00%$0.00000131
-2.57%$0.267018
-0.05%$86,960.00
3.79%$24.14
3.83%$0.26629
27.15%$21.58
1.78%$1,630.52
3.84%$2.76
0.46%$0.568899
5.33%$0.566757
2.35%$0.03657057
-1.73%$0.257649
5.15%$0.108906
7.65%$0.180571
4.97%$1,650.25
3.71%$0.99986
-0.01%$20.73
5.87%$1,742.67
3.55%$1.001
0.09%$0.480819
2.58%$0.096069
15.22%$0.422193
3.04%$0.01208482
3.83%$0.02809356
3.30%$1,760.51
3.62%$0.00039063
3.45%$14.24
5.93%$3.57
-1.65%$0.680505
6.83%$2.16
2.17%$0.00255307
-5.41%$0.00488264
8.92%$0.950989
3.67%$1.39
8.11%$0.00250798
5.26%$0.26211
2.47%$1.16
1.47%$1,808.79
3.75%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.
The ETF applications keep coming. Canary Capital on Friday filed an S-1 prospectus with the U.S. Securities and Exchange Commission on Friday for a spot Tron ETF that would include staking capabilities. The staking feature of the Canary Staked TRX ETF would allow investors to earn extra yield with their investment. The fund’s “investment objective is to seek to provide exposure to the price of Tron,” the filing said. Nashville, Tennessee-based Canary has filed for a number of crypto ETFs. Th...
Should President Donald Trump make good on apparent threats to fire Federal Reserve chair Jerome Powell, analysts tell Decrypt that the extraordinary move would likely throw the American political system into turmoil. But could it also be bullish for Bitcoin? On Thursday, Trump, who has unsuccessfully lobbied Powell to lower interest rates for weeks, said the Fed chair’s termination “cannot come fast enough.” While presidents often come into conflict with the Fed, which dictates U.S. monetary p...
Bitcoin miners may be struggling as the price of the biggest cryptocurrency by market value trades sideways, and investors sell off their equity—but stablecoin giant Tether is betting big on one of the sector's largest players, purchasing about $32 million in equity in publicly traded Bitdeer in April. An SEC filing shows Tether snapped up the shares as the price of Bitdeer’s stock dropped. Tether did not immediately respond to Decrypt’s questions, but the company has increased its interest in t...
