SOL - BONK Mania: How A $300 Christmas Gift To Solana Developers Snowballed Into $500K | Benzinga
The Solana (CRYPTO: SOL) network’s developers are celebrating a windfall, thanks to a BONK token airdrop they received last Christmas. The initial worth of the airdrop was a mere $300, but it has now skyrocketed to an impressive $500,000.
What Happened: According to a report by Decrypt, Solana developers were gifted 25 billion BONK tokens as a Christmas gift from the LamportDAO community in December 2022. Valued at around $300 at the time, the meme coin BONK has surged 821% over the past 30 days. Its market cap has now surpassed the $1 billion mark.
LamportDAO developers ...