Should we say it’s already too late to buy some Bonk? You know, the new Solana Memecoin that was like the Solana memecoin pathway for other memecoins. It was having a blast few days ago, it has outperformed a lot of coins, it’s just less than 2 weeks old, been up over 3,000% from its launch date. Well, this is how it usually goes with memecoins, they are known to have this massive volatility that causes you to either make a lot of money or lose a lot of money. We have seen this happen before, our dear old Dogecoin was the first explosive memecoin now we are having Bonk, the Solana based memecoin.  
![Screenshot 20230106 at 2.52.09 AM.png](https://images.hive.blog/DQmaX4LWQHqPtywdjukjHGtAZhVC7AsZyReQRRa3nTpfWBm/Screenshot%202023-01-06%20at%202.52.09%20AM.png)
It also has a dog image, I guess the dog image is to solidify how meme the coin is, those people that were lucky to have bought the memecoin few days before the major hype are in great profit and I hope they were smart enough to have taken profit, because,  while the coin was up over 3000% since it’s launch date, the people that bought some yesterday are down by 50% or more, so just like the “if you bought X coin at X time, you will be up X%” people are quick to remind you how much you would have made if you had entered early, they always forget to remind you how much you would have lost if you had entered when they intimidated you to enter. 


First of all. Memecoins are meant to be memecoins, they have no utility or usecase aside to be used as a medium for pump and dumps. We have gone from realizing they are pump and dump agents to glorifying them. We have seen the rise and fall of memecoins, first it was Dogecoin, later it was shiba and floki, now it has migrated to the Solana platform and we are seeing some upcoming Solana memecoins. Well, if you want to be smart about it, you can take advantage of the market and the trend, but this is not a financial advice. 


Currently I have seen some Bono NFTs that could be bought with Bonk Tokens, maybe these memecoins are just trying to change the game a little bit and give it more utilities. But let’s see how it goes, I wonder how the bull market will be like for these memecoins, if a token is making over 3,000% profit in a bear market what more can we say about the bull market, well, time will tell. 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@readthisplease/a-bonk-drop)