BONK diluted market cap crashes $140M, Whitepaper link added

BONK noticed over $140 million of its diluted market cap wiped over the past six hours — equating to dropping roughly 35% of its whole diluted market cap — in line with Coinmarketcap information.

The whole variety of BONK holders on Jan. 4, was roughly 98,000 — this quantity has risen to roughly 106,573 holders as of press time, in line with Solscan information.

A hyperlink to the mission’s Whitepaper — dubbed the BONKpaper — was added to the web site, highlighting the purpose behind the token’s workforce.

Nevertheless, the BONKpaper doesn’t embrace the important thing elements usually anticipated in a Whitepaper resembling tokenomics, workforce members concerned and different fundamentals behind the mission.

Recording over 380% gains for the reason that begin of the 12 months, BONK is poised because the Dogecoin’s rival and “the primary Solana canine Coin for the folks and by the folks.”

BONK worth as of press time was $0.000002259 — down 51% from it’s all-time excessive of $0.000004922 reached Jan. 5.

Posted In: Analysis, Tokens

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