Bonk's Third Reversal: Returning to Meme Roots

In July of this year, Bonk's market share surpassed that of other competitors, generating high expectations in the market. This is not only due to the long-standing negative impacts of certain projects but also because Bonk itself represents a comeback story about the interplay between community and capital.

Bonk has gone through two important turning points:

First, during the collapse of a large exchange, Bonk represented Solana developers in challenging capital and ushered in a glorious moment for Solana meme tokens.

Secondly, when certain projects were excessively raising funds, Bonk led many participants back to a community-centric meme culture. By creating a series of interesting and content-rich narratives, such as Wang Chai, Useless Coin, and Hosico, Bonk once occupied an important position in the Solana ecosystem.

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Subsequently, numerous funds targeting Bonk emerged in the market, new platforms continuously surfaced, and various asset launch platforms went live, competing for limited market share. In addition, as market attention shifted to the secondary market, the wealth creation wave in Solana began to recede, and the popularity of Bonk gradually diminished.

Recently, some project leaders have called for “making memes great again”. Platforms related to Bonk have collaborated with other projects to launch creator incentive activities. These actions have sparked thoughts among people: do they truly love the memes themselves, or is it the thrill of trading memes?

The next possible reversal could be Bonk's third. Solana has become the largest hub for crypto liquidity, with a daily trading volume exceeding the total of all capital markets. The main funding force in the future is likely to still focus on the Solana ecosystem, whether in the primary or secondary market.

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Incentive activities jointly launched by certain platforms may have a stimulating effect on traders: traders can receive up to 60% in fee rebates, while creators can receive up to 15% in fee rebates, with rewards available for collection every 24 hours.

Every reversal of Bonk relies on the enthusiasm and creativity of the community. Whether it's the celebration of meme culture or the participation of creators, both are driving Bonk's continuous rebirth. When narratives in the market are overused and investors no longer pay for mere emotions, those sincere communities willing to invest resources will still become the focus of the market. This may be the key to truly enabling Bonk to achieve its third reversal.

Let's look forward to meme culture shining again.

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