BONK diluted market cap crashes $140M, Whitepaper link added BONK diluted market cap crashes $140M, Whitepaper link added
BONK Solana meme token loses 35% of its market value in six hours, recording $140 million diluted market cap loss — down 51% from its ATH.
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Updated: Jan. 5, 2023 at 4:38 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
BONK saw over $140 million of its diluted market cap wiped over the last six hours — equating to losing roughly 35% of its total diluted market cap — according to Coinmarketcap data.
The total number of BONK holders on Jan. 4, was approximately 98,000 — this number has risen to approximately 106,573 holders as of press time, according to Solscan data.
A link to the project’s Whitepaper — dubbed the BONKpaper — was added to the website, highlighting the goal behind the token’s team.
However, the BONKpaper does not include the key aspects normally expected in a Whitepaper such as tokenomics, team members involved and other fundamentals behind the project.
Recording over 380% gains since the start of the year, BONK is poised as the Dogecoin’s rival and “the first Solana dog Coin for the people and by the people.”
BONK price as of press time was $0.000002259 — down 51% from it’s all-time high of $0.000004922 reached Jan. 5.
Author 
Josh O'Sullivan
Josh has been writing for a decade and is passionate about mainstream crypto adoption, bringing positive financial change to the masses through crypto and decentralized finance as a whole.
