Solana’s meme token BONK witnessed massive hype in recent days, even forcing crypto exchanges to list BONK immediately. Polygon co-founder Sandeep Nailwal even indirectly traded BONK tokens and loved the user experience on the Solana blockchain, according to Bonk Inu’s Twitter handle. The BONK price is up 42% in the last 24 hours.
Polygon co-founder Sandeep Nailwal traded BONK tokens
Bonk Inu in one tweet on January 7 claimed that the user experience on the Solana blockchain is so good that even Polygon’s co-founder Sandeep Nailwal has experience using BONK tokens.
“It seems that Solana’s user experience is so good that the Polygon co-founder can’t help but play with it $BONK?”
It quoted a tweet that claims that the Polygon co-founder funded a wallet that was trade BONK Coins. That is why he is also familiar with Solana DeFi.
The blockchain data reveals that the alternate account has received more than 300 million BONK tokens. The account is actively trading BONK tokens.
Polygon co-founder previously agreed that the Solana chain is unstable. Polygon even paid $3 million to DeLabs to migrate its Solana-based NFT projects DeGods and Y00ts to migrate chains. The projects were the top 2 NFT collections on Solana, accounting for almost 70% sales volume on Solana. It caused the SOL price to drop below $10.
However, the BONK hype saved Solana from collapsing and boosted the SOL price to over $14.50. The BONK price also increased by more than 4000% in a week. Currently, several projects and Dapps are coming on the Solana blockchain, which can further increase the usefulness of Solana.
Also Read: Developers Burned All 5 Trillion BONK, Coming Solana Price Rally?
Can Solana and BONK rally again?
Both Solana and BONK continue to be popular on Crypto Twitter and CoinMarketCap. Solana price is currently trading sideways after a 35% rally this week. The SOL price is $13.17.
Meanwhile, the BONK price also witnessed profit taking after a 4000% rally this week. The BONK price is currently trading at $0.000002191, up more than 40% in the last 24 hours.
Also Read: Shiba Inu’s Shibarium Beta Launch Almost Here, Says Official Portal
Varinder is a technical writer and editor, technology enthusiast and analytical thinker. Fascinated by disruptive technologies, he has shared his knowledge about Blockchain, Cryptocurrencies, Artificial Intelligence and the Internet of Things. He has been associated with the blockchain and cryptocurrency industry for quite some time and is currently covering all the latest updates and developments in the crypto industry.
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This post Is Co-Founder of Polygon Solana’s Meme Coin Acting BONK?
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