Bonk's Three Turnarounds: From Meme to Trading and Back to Meme

In July, Bonk's market share surpassed that of other competitors, and the market has high expectations for it. This is not only due to the negative impact of certain projects over a long period but also because Bonk itself is a story of constant comeback, reflecting the game between the community and capital.

Bonk has experienced two significant reversals:

First, during the collapse of a major exchange, Bonk challenged capital on behalf of Solana developers, marking the glorious moment of Solana meme tokens.

Secondly, when certain projects were excessively profiting, Bonk led many participants back to a community-centric meme culture. It created a series of interesting narratives, such as Wang Chai, Useless Coin, Hosico, etc., which once dominated the Solana ecosystem.

!7400245

Subsequently, a large number of funds targeting Bonk emerged, with new platforms continuously launching to compete for limited market share. As the market's focus shifted to the secondary market, the wealth generation wave in Solana began to recede, and the popularity of Bonk gradually declined.

Recently, the Bonk team reiterated the slogan “Make memes great again” and launched a creator incentive program in collaboration with other projects. This move is quite significant, as while other projects like crazy pump and social launch platforms have lost their appeal, Bonk has chosen to return to the essence of its memes.

This raises a question: do people truly love the meme itself, or the thrill of trading the meme?

Next, Bonk may welcome its third reversal. Solana has become the largest hub for cryptocurrency liquidity, with daily trading volume exceeding the total of all other capital markets. Future capital forces are likely to continue focusing on the Solana ecosystem.

!7400246

The incentive program launched in collaboration with Bonk and other projects offers traders up to 60% in fee rebates, while creators can receive up to 15% in fee rebates. These rewards are distributed every 24 hours and are expected to stimulate trading activities.

Every reversal of Bonk is inseparable from the enthusiasm and creativity of the community. Whether it's the carnival of meme culture or the active participation of creators, both drive Bonk's continuous rebirth.

When the narratives in the market are overused and investors no longer blindly follow the sentiment, those sincere communities that are willing to invest resources will still become the focus of the market. This may be the key for Bonk to achieve its third reversal.

Let us look forward to meme culture shining again, bringing new vitality to the crypto market.

!7400247