Bonk's third reversal: the return of meme culture and the future of the Solana ecosystem

In July this year, I delved into the development history of Bonk. At that time, Bonk attracted widespread attention in the market, not only because it broke traditional models but also because it represented a game between the community and capital.

There are two important turning points in the story of Bonk:

First, during the collapse of a major exchange, Bonk challenged capital on behalf of Solana developers, marking the glorious moment of solmeme.

Secondly, when the market is manipulated by certain projects, Bonk leads many participants back to a community-centric meme culture. It launched a series of interesting and content-rich narratives, such as Wongchai, Useless Coin, and Hosico, which once played an important role in the Sol ecosystem.

Subsequently, numerous new projects and platforms targeting BONK emerged in the market, competing for the limited market share. With investor attention shifting to the secondary market, the wealth creation frenzy in Solana began to wane, and the popularity of BONK also declined. Nevertheless, I have been closely following the development of Bonk.

Recently, a community leader enthusiastically shouted, "Make memes great again," as Bonk-related platforms collaborated with other projects to launch creator incentive activities. This leader's recent social media statement also focused on "memes," which is quite interesting upon reflection.

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The once-criticized pump-and-dump behavior, frequent live streaming activities, and certain projects that have become tiresome have lost their appeal. Social launch platforms have repeatedly proven to be ineffective.

Born out of MEME, Bonk has ultimately returned to the essence of MEME.

Do people truly love memes themselves, or are they merely addicted to the thrill of trading memes?

Back to the point, the next may be the third reversal opportunity for BONK.

Solana has become a major venue for cryptocurrency capital flow, with daily trading volume exceeding the total of all capital markets. In the future, whether in the primary or secondary market, the main focus of funds will still be concentrated in the Solana ecosystem.

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Incentive activities jointly launched by certain platforms are somewhat attractive to traders: traders can receive up to 60% of transaction fee rebates, and creators can receive up to 15% of transaction fee rebates, with rewards available every 24 hours.

The power of the MEME community cannot be ignored. Every turnaround of Bonk is inseparable from the enthusiasm and creativity of the community—whether it’s the carnival of meme culture or the active participation of creators, they all drive Bonk's continuous rebirth.

When the hype in the market loses its appeal and investors no longer blindly follow the trend, those sincere communities willing to invest resources will still become the focus of the market—this is the key to BONK's potential third reversal.

Finally, let us work together to make memes great again.

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