SOL tokens climbed previous $13 on Tuesday and have been up 20% up to now 24 hours. In contrast, prime cryptocurrencies bitcoin and ethereum have been down 0.5% and 0.6%, respectively.
Bonk is airdropping roughly 50% of its tokens at the moment in circulation. Airdrops are unscheduled distributions of tokens, usually at no cost, to wallets so as to garner curiosity in a selected crypto.
Of the Bonk tokens being airdropped, roughly 20% could possibly be used for an ecosystem of 297,000 Solana-based non-fungible tokens and 10% may go to Solana-based artists, in accordance with CoinDesk.
In the meantime, Bonk has seen roughly $19 million in inflows up to now 24-hours. Bonk debuted on December 25 and at the moment has a market capitalization practically $93 million.
Bankman-Fried as soon as touted Solana as essentially the most underrated cryptocurrency, and his firms held giant positions on their books.
However FTX’s chapter submitting amid experiences that the crypto trade transferred billions of {dollars} in consumer funds to Bankman-Fried’s hedge fund Alameda soured sentiment on Solana within the crypto neighborhood.
Final month, CoinDesk reported that two of the Solana blockchain’s prime NFT collections, DeGods and Y00ts, will migrate to Ethereum and Polygon, respectively.
