Bonk's Three Comebacks: From Community Rise to Return to Origins

In July of this year, Bonk's market share surpassed that of similar competing products, attracting widespread attention in the market. This is not only due to the negative impact of certain projects over time but also because Bonk itself is a legendary comeback story, reflecting the interplay between community and capital.

There were two important turning points in the development of Bonk:

First, during the crash of a major exchange, Bonk challenged the capital on behalf of the Solana developer community, marking the glorious era of meme tokens in the Solana ecosystem.

Secondly, when certain projects were frantically 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 Token, and Hosico, Bonk once dominated the Solana ecosystem.

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Subsequently, numerous funds targeting Bonk emerged in the market, new trading platforms continuously surfaced, and various asset launch platforms went live one after another. These factors, combined with the market's attention shifting to the secondary market, led to a retreat in the wealth creation wave within the Solana ecosystem, and Bonk's popularity also declined accordingly. Nevertheless, Bonk's development still deserves attention.

Recently, a well-known figure enthusiastically called out “Make Memes Great Again,” and Bonk-related platforms have collaborated with other projects to launch creator incentive activities. These actions are quite meaningful and seem to indicate that Bonk is returning to its meme origins.

The once-popular behaviors in the market, such as quick pump and frequent live streaming, have lost their appeal, and certain highly criticized projects are gradually fading from people's sight. Social launch platforms have repeatedly proven to be unreliable. In this context, Bonk, which originated from a meme, has ultimately returned to the meme itself.

This inevitably makes one wonder whether people truly love the memes themselves or are merely infatuated with the thrill of trading meme tokens.

Next, Bonk may have the opportunity for a third reversal.

Solana has become the largest gathering place for cryptocurrency liquidity, with its daily trading volume even surpassing the total of all traditional capital markets. In the future, whether in the primary or secondary market, the main focus of funds will still be concentrated in the Solana ecosystem.

Some incentive programs launched in collaboration by certain platforms are attractive to both traders and creators: traders can receive up to 60% in fee rebates, while creators can receive up to 15% in fee rebates. These rewards can be claimed once every 24 hours.

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However, the key to driving Bonk's third reversal lies in the power of the meme community itself. Every comeback of Bonk is inseparable from the enthusiasm and creativity of the community—whether it is the carnival of meme culture or the active participation of creators, both are driving Bonk's continuous rebirth.

When various narratives in the market are overused, and investors are no longer willing to pay for pure emotions, those sincere communities that are willing to invest resources will still become the focus of the market. This is the real key to Bonk being able to achieve a third reversal.

Let us look forward to the meme culture shining brightly again.

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