Memecoins and Solana: Name a better duo. $BONK's runup in late 2023 (arguably) kicked off the memecoin mania, spawning thousands of new memecoin runners: $WIF, $POPCAT, $BOME and more. $BONK is back, this time with its own ecosystem plays too. Let's dive into what's cooking 🧵
Last Friday, @bonk_inu launched @bonk_fun, a new memecoin launchpad released in partnership with Raydium.
Over 2 years ago, The Dog BONK'd Solana Now it's time to BONK the trenches 🐾 Introducing @bonk_fun A new tool for launching memecoins, built by members of the BONK community in collaboration with @RaydiumProtocol ❗❗❗
The platform quickly saw action, with the trenches revived with a new hot narrative: tokens launched on @bonk_fun. And with every narrative, comes a leader. In this case, this leader was @Hosico_on_sol. $HOSICO
Whats more cute then a dog... a cat Launched on @bonk_fun
Over the past year, many have repeatedly calling for the death of memecoins, writing them off as a fad. However, memecoins continue to remain relevant in every bullish move, no matter how brief, remaining the ideal vehicle for crypto speculators.
People keep saying "memecoins are dead" or "memecoins are a distraction for crypto" But look at what happened yesterday; BTC did a rebound pump and the only things that pumped 2-5X were MEMECOINS. Maybe it is infact UTILITY that is dead.
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