- The price of BONK dropped by almost 30% over the past 24 hours of trading.
- This came after a massively successful month where BONK’s price rose by over 1,000%.
- In addition to BONK’s price drop, the price of SOL also took a more than 2% hit throughout the past day.
Over the past 24 hours of trading, the Solana-based meme coin BONK saw its price fall by almost 30%. This came after an explosive month where the cryptocurrency’s price surged by more than 1,000%.
BONK’s success was evident in the fact that Solana’s crypto phone witnessed a huge surge in demand. Since the release of the phone in May of this year, users have been eligible for a very generous 30 million BONK airdrop, causing a frenzy of people trying to get a hold of the valuable token through the purchase of the Solana phone.
Wow, what a dayWe've officially SOLD OUT of Saga phones in the US! A huge thanks to everyone who's been part of this journey
To our frens in Europe, we've still got a few left for you.
Stay tuned for what's next
— Solana Mobile (@solanamobile) December 15, 2023
On 15 December, the co-founder of Solana, Raj Gokal, shared in an X post that Solana phone sales inc…
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