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Saturday, January 28, 2023
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    HomeAltcoinIs Polygon Co-Founder Trading Solana's Meme Coin BONK?

    Is Polygon Co-Founder Trading Solana’s Meme Coin BONK?

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    Solana’s meme token BONK witnessed large hype in the previous couple of days, which even compelled crypto exchanges to instantly checklist BONK. Polygon co-founder Sandeep Nailwal even not directly traded BONK tokens and preferred the person expertise on the Solana blockchain, as per Bonk Inu’s Twitter deal with.

    Polygon Co-founder Sandeep Nailwal Traded BONK Tokens

    Bonk Inu in a tweet on January 7 claimed that person expertise on the Solana blockchain is so good that even Polygon’s co-founder Sandeep Nailwal skilled utilizing BONK tokens.

    “It appears Solana’s person expertise is so good the cofounder of Polygon can’t assist however to play with $BONK?”

    It cited a tweet that claims Polygon co-founder funded a pockets that’s been buying and selling BONK tokens. Due to this fact, he’s additionally conversant in Solana DeFi.

    The blockchain data reveals the choice account obtained over 300 million BONK tokens. The account is actively buying and selling BONK tokens.

    Polygon co-founder earlier agreed that the Solana chain is unstable. Polygon even paid $3 million to DeLabs emigrate its Solana-based NFT tasks DeGods and Y00ts emigrate chains. The tasks had been the highest 2 NFT collections on Solana, driving nearly 70% sale quantity on Solana. It prompted the SOL value to plummet beneath $10.

    Nonetheless, the BONK hype saved Solana from collapsing and lifted the SOL value to over $14.50. The BONK value additionally rallied over 4000% in per week. At the moment, a number of tasks and Dapps are coming onto the Solana blockchain, which can additional enhance Solana’s utility.

    Additionally Learn: Developers Burned All 5 Trillion BONK, Upcoming Solana Price Rally?

    Can Solana and BONK Rally Once more?

    Each Solana and BONK proceed to pattern on Crypto Twitter and CoinMarketCap. The Solana value is at the moment buying and selling sideways after a 35% rally this week. The SOL value is $13.17.

    In the meantime, the BONK value additionally witnessed profit-taking after a 4000% rally this week. The BONK value is at the moment buying and selling at $0.000002047, down 2% within the final 24 hours.

    Additionally Learn: Shiba Inu’s Shibarium Beta Launch Almost Here, Says Official Portal

    Varinder is a Technical Author and Editor, Expertise Fanatic, and Analytical Thinker. Fascinated by Disruptive Applied sciences, he has shared his information about Blockchain, Cryptocurrencies, Synthetic Intelligence, and the Web of Issues. He has been related to the blockchain and cryptocurrency trade for a considerable interval and is at the moment masking all the newest updates and developments within the crypto trade.

    The introduced content material could embody the non-public opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any accountability on your private monetary loss.





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