Crypto Twitter of the Week: BONK WILL NEVER GIVE UP

adminDecember 17, 2023

Crypto Twitter This Week — Illustration by Mitchell Preffer for Decrypt

After a week, BONK still holds the top spot.

But the dog-themed Solana meme coin has spent another week dominating feverish discourse on Crypto Twitter after showing no signs of stopping its weeks-long monster streak. The coin is said to have risen 796% in the past month. CoinGecko.

After rising again Best ever It surpassed its market cap this week. 1 billion dollars (Since yesterday, the coin’s market capitalization has already nearly doubled to $1.758 billion.) BONK is provided with the purchase of a Solana Saga smartphone. It’s worth more now than the price the phone is asking.

With BONK’s continued success now activating numerous other projects in the Solana ecosystem, Twitter users have doubled down on their fervent and stubborn support for the seemingly miraculous dog-themed token.

“It’s not just a meme anymore,” says Richard Wu, co-founder of Solana NFT marketplace. tensor, published on Friday. “This is religion.”

This is crazy.
BONK saved Solana for Christmas 2022.
BONK is saving the Solana Saga Phone for Christmas 2023.
Unlike other dogcoins, BONK has been the savior of the most battle-tested high in the entire L1.
It’s no longer just a meme. This is religion.
— Richard | Tensor ⚛️⚡️(@0xrwu) December 15, 2023

The Solana community has recorded several wins regarding BONK this week, illustrating the coin’s success with the latest episode demonstrating Solana’s superiority compared to other blockchains.

First it was pyth, then jito and now bonk.
And more people will come
I want you to know that we are just getting started.
This is what happened many years later when we finally had a fast, cheap, and scalable blockchain.
accelerate
— Because | helius.dev(d/acc)(@0xMert_) December 15, 2023

Other Solana users even praised BONK for “not only saving Solana” at this point. At FTX” and “sold out” Solana saga phones, among other exploits. They also claim (perhaps jokingly) that the raw power of its power has destroyed many competing layer 2 blockchains.

Bonk saved Solana from FTX.
Artists and developers getting paid, there was no money on the chain.
Bonk your first pine dog for 1 billion
The Paved Road to Coinbase’s SPL
Bonk Sagaphone sold out
Bonk pump SOL nfts via ETH
Bonk destroying L2 https://t.co/IyhgTxA8n7
— Degen Poet (@solanapoet) December 15, 2023

BONK is definitely strong these days. But probably not very powerful. On Friday, the Ethereum Scaling Blockchain Arbitrum will be held. It got dark After an extreme spike in network activity for more than an hour. As it turns out, Arbitrum was just the latest layer 2 blockchain to suffer in the hands of users experimenting with expensive technology. seemingly redundant And the inscription blocking the network.

Some blockchain developers have expressed frustration with the development and its ability to disrupt some of the cryptocurrency’s biggest blockchains, even Solana, which is on the rise.

to be honest
This is one of those moments that breaks you as a developer.
When you spend years building the best distributed system, a literal JPEG protects the entire system.
This has now happened with Etherem, Solana, Bitcoin and Arbitrum lol.
Godspeed young people https://t.co/FT57pZBKhC
— Because | helius.dev(d/acc)(@0xMert_) December 15, 2023

What is Inscription’s value proposition for Layer 2 like Arbitrum? I need to know who this bored person is.
– themovingavg (@themovingavg) December 15, 2023

Edited by Ryan Ozawa.