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BONK <\/strong>BONK\/USD<\/span> is taking the crypto-world by storm \u2014<\/a>\u00a0soaring over 186% in the last 24 hours.\u00a0<\/p>\n What Happened<\/strong>: Crypto analyst ‘LitecoinYagami’<\/strong>, a BONK holder, has explained the good, the FUD (fear, uncertainty and doubt) and the ugly about this meme coin that is poised to beat <\/a>the likes of Shiba Inu<\/strong> SHIB\/USD<\/span> and Dogecoin <\/strong>DOGE\/USD<\/span>.<\/p>\n See Also:<\/strong><\/em> <\/strong><\/em>Best Crypto Day Trading Strategies<\/em><\/a><\/p>\n According to LitecoinYagami, the tokenomics of BONK is beneficial, with over half of the initial supply being air-dropped to the Solana SOL\/USD<\/span> community. The analyst highlighted that the token has a low fully diluted valuation, a high supply, and a three-year vesting period for initial contributors.<\/p>\n \u201cHigh FDVs lead to inflation and high sell pressure. Tokens reach absurd valuations, but eventually more tokens flood the market, driving the price down,\u201d the analyst said, adding that many \u2018predatory tokens\u2019 utilize high FDV.<\/p>\n LitecoinYagami mentions that BONK has had a bit of a lift from adding integrations, such as the recent addition to Whirlpool’s rotation for liquidity providers.<\/p>\n \u201cBONK has inspired a movement that has begun to extend even outside of our ecosystem… and the price of Solana is rallying behind it. Holders of the free airdrop have been rewarded and they’re making the right amount of noise.\u201d<\/p>\n The FUD<\/strong>: The analyst highlighted the fact that on the website it’s stated that all early contributors will be subject to a three-year linear vesting period. He reaffirmed that the rules are clear and that nobody was forced to purchase the token.<\/p>\n The Ugly<\/strong>: LitecoinYagami said that market conditions are not favorable. The analyst went on to note that on a macro level, things are in a bear market. \u201cRealistically, alt [coins] still have room to bleed. If they do, meme coins will suffer 100x worse.\u201d<\/p>\n BONK’s launch in late December included a generous airdrop of free tokens to Solana developers and NFT collectors, along with those in LamportDAO<\/strong>, a hub for Solana <\/strong>developers and NFT owners from projects including DeGods <\/strong>and Famous Fox Federation.\u00a0<\/p>\n Over 100 trillion BONK tokens have been created, with 50% airdropped to developers, NFT owners, creators and artists, and the remaining portion vested into special contribution contracts for BONK.<\/p>\n Price Action<\/strong>: At the time of writing, BONK was trading at $0.000004161, while Dogecoin\u00a0was trading at $0.07345, up 1.7%, and\u00a0Shiba Inu\u00a0was at $0.000008511, up 3.21% in the last 24 hours.<\/p>\n Read Next: <\/em><\/strong>Bitcoin, Ethereum, Dogecoin Rise On Fed’s Mostly Bullish Tone: Analyst Sees More Consolidation For Apex Crypto<\/em><\/a><\/p>\n<\/div>\n