In the following months, the format gained a strong association with Ironic Doge Memes and gained notable spread online both in video and image format, with notable examples of the meme posted in /r/dogelore and /r/okbuddyretard subreddits, as well as on YouTube, Twitter, iFunny and Instagram (examples shown below). All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this communication. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories.

Additionally, monitoring blockchain activity, especially the wallets of successful meme coin traders and whales, offers another strategic approach to discovering breakout meme coins. While it is difficult to pinpoint the exact reasons for Bonk’s rally as the trading of meme coins is highly speculative, the listing of the crypto on several crypto exchanges including Coinbase and Crypto. The meme started with a video posted on Instagram on July 13, 2019, by user snootboopes, and it showcased a shiba inu being hit with a hammer, followed by a comical “bonk” sound effect.But whether meme coin mania is a lasting phenomenon or a short-lived fad, exchanges will be counting their money regardless. The project aims to challenge the dominance of “predatory VC tokens” by empowering the wider Solana community. As a Solana standout, WIF's rapid rise, coupled with a strategic wallet transaction, positions it as a noteworthy player in the ever-evolving meme token landscape.

Turning off the personalised advertising setting won’t stop you from seeing Etsy ads, but it may make the ads you see less relevant or more repetitive. Another avenue is to utilize analytics tools like CoinMarketCap or CoinGecko, which can provide valuable data insights on the latest tokens. As much as people enjoy trading them (and in their defense, they do usually market themselves as frivolous) they do inevitably add to crypto’s reputation as a purely speculative endeavor. aims to combine memes with real-world utility, focusing on a decentralized ecosystem including NFTs, gaming, and merchandise.The ApeMax presale is currently attracting a growing number of eligible holders, with over 10,000 token holders already. In 2024, there have been a lot of new faces in the meme coin space, bringing innovation and fun ways to interact within the crypto market. Strictly necessary cookies relate to our hosting environment, and functional cookies are used to facilitate social logins, social sharing and rich-media content embeds.

For example, Twitter user proteanform [2] used it in response to a tweet by gracespelman on April 5th, 2020, gaining over 140 likes (shown below, left). The Bonk DAO is responsible for making decisions regarding the future development and governance of BONK. Named after the beloved pet dog of Solana Co-Founder Raj Gokal, Myro stands out with distinctive use cases that were revealed after its launch. The “Bonk” format eventually became closely associated with the ironic doge memes that proliferated across various social media platforms, including YouTube, Twitter, iFunny, and Instagram. Concluding Remarks Despite BONK's recent success and adoption, it's vital to approach such phenomena with cautious optimism, recognizing the inherent volatility and speculative nature of the cryptocurrency market.

That said, the industry is currently unsure as to how the Howey Test is being applied, with cryptocurrencies like Bitcoin ( BTC) and Ethereum ( ETH) seemingly getting a pass. Exchanges can pitch themselves as a “safe haven” for dabbling in speculative, hype-driven investments. BONK was launched with a massive airdrop on December 25, 2022, as a Christmas gift to the Solana community. Bonk, which was launched in December 2022, surged over 300% over the past 30 days and scored an over 1,000% gain since the start of September, making it the best-performing meme coin in recent months.