The dog-themed Bonk Inu (Bonk) token at Solana could be one to look at in the coming weeks, as a new token issuing platform uses some of its fees to buy token, with almost $ 1 million generated in the first three days after launch.
Letsbonk.Fun, built by members of the Bonk Society and Raydium, went live late Sunday as a bonk-focused token issuing platform. Some of the fees will help secure and support the Solana network by using the Bonksol Validator per day. Tweets with over 10,000 tokens already issued.
As of Tuesday, the largest tokens at Letsbonk.Fun Hosico ($ 30 million market capital) and Letsbonk ($ 5.3 million market capital) are.
“I expect the success of the platform to surprise many,” said well subsequent X-user Theunipcs Coindesk in a telegram message. The user is generally known as “Bonk Guy” for a viral trade that made $ 16,000 to $ 20 million on top of a Bonk Futures Trade.
“Letsbonkfun takes a more innovative and simplified approach to Memecoin launches and focuses on ensuring that users and Solana Blockchain/Ecosystem can capture a good part of the value it creates,” he added.
“Pump.Fun, has earned over $ 600 million in fees since it launched just over a year ago. Imagine what even a fraction of this would mean for Bonk just in terms of pure purchase pressure,” Theunipcs said.
Bonk -Tokens has risen by 54% in the last week, data shows, with a majority of the step that comes after Letsbonk’s launch on Sunday.
Various Bonk-tracked futures show an increase in open interest or the number of troubled futures bets-with the biggest leap from Saturday’s $ 170 million to over $ 250 million from Tuesday, showing a shock in expectations for further award volatility.
