The BONK Christmas gift Solana developers received last year is worth $500,000 this year

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0xAyA
7 months ago
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For developers, these airdrops can at least keep them alive.

Original author -Andrew Hayward

Compile - Odaily 0xAyA

Just now, Binance announced that it will list Bonk (BONK) at 16:00 on December 15th (Eastern Eighth District time) and add a seed tag to it, and open BONK/USDT, BONK/FDUSD, and BONK/TRY spot trading pair.

In addition, Binance’s isolated margin will add BONK assets within 48 hours starting from 16:00 on December 15 (Eastern Eighth District time), and open the BONK/USDT isolated margin trading pair.

Pragmatic investors may scoff at volatile meme coins, but when they take off, they screw us all—at least until they crash. recent,SolanaMeme coin BONK has barely moved up, soaring to new heights as SOL rebounds after a rough year. Anyone who was airdropped with a bunch of free BONK last year is now sitting pretty.

according toCoinGeckoAccording to data, BONK has risen 821% in the past 30 days,Keep hitting new all-time highs,The market value exceeded US$1 billion. At the current price of $0.00002006, each token isnt worth much, but when you put millions or billions of tokens in a wallet, thats a lot of sand.

Some Solana developers may be well aware of this - what you get is what you get.

Last Christmas, shortly after BONK launched, Solana developers who filled out a form in the LamportDAO community received a holiday gift in their wallets: 25 billion BONK tokens, worth about $300 at the time of the drop, by the end of the day Thats more than double that number.

Solana’s top meme coin debuted at a time when the ecosystem was at its most desperate, around the same time SOL went from a peak of nearly $260 in November 2021Dropped to around $8. The entire cryptocurrency market was in decline at the end of last year, but SolanaClose ties to collapsed exchange FTXIt seems to have had a particularly serious impact on this public chain.

But in the coming weeks, dog-themed meme coins helped the Solana communitybrings good vibes, many Solana network participants benefited from the airdrop. From SolanaDeFitraders arriveNFTBONK spreads far and wide among collectors and even artists on the chain. In total, LamportDAO developers received about 5% of the total token supply.

The BONK Christmas gift Solana developers received last year is worth 0,000 this year

Soon after the airdrop was deployed, the developers shared their gratitude. Some said selling it would help them pay basic bills after struggling in a brutal bear market that arguably hit Solana harder than other major public chains.

Wow, thank you so much! $800 is two months rent for me, developer zkTuring wrote on the LamportDAO Discord. This is by far the best Christmas present Ive ever received. Youre my Secret Santa.

However, based on current prices at the time of writing, any developer holding 25 billion BONK is now sitting on over $500,000 worth of Solana tokens.

Mert Mumtaz, co-founder and CEO of Helius and founder of LamportDAO, said about 173 developers received airdrops of the same size last Christmas.

For those selling, seeing such a surge in price may come as a shock – and a “paper-handed loss of wealth”, as crypto diehards don’t joke. But for at least some Solana developers, the sell-off has helped them survive and see the other side of a tough cryptocurrency winter while surviving to see another day.

This article is translated from https://decrypt.co/209906/solana-devs-bonk-airdrop-worth-300-last-christmas-now-worth-500000Original linkIf reprinted, please indicate the source.

ODAILY reminds readers to establish correct monetary and investment concepts, rationally view blockchain, and effectively improve risk awareness; We can actively report and report any illegal or criminal clues discovered to relevant departments.

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