Pragmatic investors may scoff at volatile meme coins, but when they take off, they make fools of us all—at least until they crash. But lately, Solana meme coin BONK has been pretty much up only, blasting off to new heights as SOL itself rebounds after a rough year. And anyone who was airdropped a stack of free BONK last year might be sitting pretty right about now.

BONK has jumped 821% over the last 30 days, per data from CoinGecko, consistently setting new all-time high prices and blasting above a $1 billion market cap. Each token isn’t worth a whole lot at the current price of $0.00002006, but when you have millions or billions of them stashed in a wallet, it can really add up.

Some Solana developers might know this well—if they held, that is.

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 and more than double that by the end of the day.

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Author: Andrew Hayward

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