Stay away from BONK

[JeffBrad12]

you should remember that this is meme coin despite rising in value so tremendously at the end of the day it's still meme coin, the value seems like it's about to get plummeted and if you are late to make your investment you should be more careful because you could be stuck. I have my share of doubt that this coin could ever become the next shiba inu for the very reason that there are rumours that says this coin majority of supplies is owned by very few bagholders and that could be really worse condition meme coins be.

[muarip]

I mean just by the name of it, I already know the source of the meme anyway and I can see a Shiba or something from Doge meme being hit by photo edited baseball bat.

It looks like another meme coin attempting to milk Doge or Shiba Inu with just a different name and image, lol. Quite surprised that it is becoming a news though just by searching it through Google.

There are so many ways to convince people to make a profit from what they do. Let's take a closer look at all of this. But I wonder that every day or every month something like this would come up. Pathetic.

[drac970815]

It's like whales are trying to exit from Solana using this coin. Probably a rug pull.

[blockman]

Hell yeah, BONK is a shitcoin. It’s going to zero.
If we put our money into this, we deserve to get rekt.
Seriously, this is complete nonsense and discredits the space.

Rally the pumpers to pump and dump and then tell everyone about Coin burn for legitimacy. This is the shitcoin playbook.

For every shitcoin this is how it goes, the earliest folks get the money and then the late ones get all the rekt.

Even some investors already experienced to lose their money for investing in shitcoins in the past, they will not learn if they're still greedy to earn instantly even it's risky. So it's not surprising if many investors fall in this trap to ride the soaring price. But yes it's now falling so those who bought at peaked are probably worrying now. Bonk is a shitcoin and you'll know it if you did a research and not just by relying on the price that had a drastic increased that's why you invest. Again, DYOR and don't invest blindly.

Yeah, many are not learning from the past and instead of learning, they're opening themselves to more of it and thinking that it's not going to go anywhere but to keep on going up until it's not.

[krishnaverma]

It's like whales are trying to exit from Solana using this coin.

How does that work ? Converting the coin and then dumping you mean here ?

[justdimin]

It's now falling. People will never learn about the past mistakes they did with meme coins, now, I guess that there will be new series' of these types of hype, pump, and dump coins again.
Those that are new are likely to fall for this but those that have seen it come and go will mostly ignore it. I saw have learned the lesson from the past and they're not buying it because they know that it will fall as soon as possible. It will not be surprising if this coin will have lesser volume within the next days.

Even some investors already experienced to lose their money for investing in shitcoins in the past, they will not learn if they're still greedy to earn instantly even it's risky. So it's not surprising if many investors fall in this trap to ride the soaring price. But yes it's now falling so those who bought at peaked are probably worrying now. Bonk is a shitcoin and you'll know it if you did a research and not just by relying on the price that had a drastic increased that's why you invest. Again, DYOR and don't invest blindly.

Inexperienced ones are the ones that invest into these type of things. I mean who would invest into something so obviously a shitcoin?

There are three types of people who would ever invest into it, first of all the team itself who would put some money in there to both have some and also make it look like there is an interest for it to convince people, second there could be some huge crypto funds where they already have too much money so investing a few thousand into silly stuff like this in case it turns out to be good is their method, and third newbies who know nothing about crypto and invest into something because it got some hype. That's it, nobody else would invest ever.

[monineklutak]

it looks like Memecoin in 2023 will become a hype again, with a sign that BONK has experienced a very high increase since its release on the market,
BONK has become one of the Solana ecosystems that is experiencing a bullish trend, yes this can be said to be very high risk,
because BONK is also a memecoin and it can really happen RUGPULL, so it's better if you are already profitable then stay away.

[doomloop]

you should remember that this is meme coin despite rising in value so tremendously at the end of the day it's still meme coin, the value seems like it's about to get plummeted and if you are late to make your investment you should be more careful because you could be stuck. I have my share of doubt that this coin could ever become the next shiba inu for the very reason that there are rumours that says this coin majority of supplies is owned by very few bagholders and that could be really worse condition meme coins be.

If you are talking about the OP then he already knows this but for those who are new to it then it's only up to them if they will make up their own research or not. I don't know why but I already got a bad feeling even by just looking at the name of this coin but it reminds me of the nes game which is also called bonk.

Not that I hate that game or what but the character of that game is a bald boy which also look like a bad person lol. So many meme coins are trying to imitate shiba inu but they are only dreaming. If they want to be like shiba then they may need a big capital first to pay a good influencer like Elon Musk to promote their coin and maybe they will need to add a unique utility on their coin for them to stand out in the crowd.

[OgNasty]

I will say this about Bonk… I know a guy who is into crypto. He told me I should put all my BTC into Celsius and that I was a fool for not doing so. He told me that I should dump my BTC and invest in Solana at $200. Recently he messaged me to tell me about the next big thing. You guessed it, BONK. If there’s one thing I’m certain of, it is that BONK is a worthless shitcoin that is going to cost a lot of people a lot of money. My guess is that burned SOL holders will lose the last bit of their money they have left on this nonsense.

[serjent05]

it looks like Memecoin in 2023 will become a hype again, with a sign that BONK has experienced a very high increase since its release on the market,
BONK has become one of the Solana ecosystems that is experiencing a bullish trend, yes this can be said to be very high risk,
because BONK is also a memecoin and it can really happen RUGPULL, so it's better if you are already profitable then stay away.

I am sure many will follow in the footstep of BONK just like the INU era.  And obviously what comes up must come down.  I believe the price of Bonk is highly manipulated and is currently under pump and dump scheme.  I expect that it will still go up in price until it accumulated enough support and hype.  After that, the one manipulating the price will dump. A 900% growth is still nothing compared to the popular meme coins' growth percentage.

My guess is that burned SOL holders will lose the last bit of their money they have left on this nonsense.

Isn't this the norm in the altcoin industry?  Many people losses lots of money by investing in a non-sense project.

[o48o]

It's like whales are trying to exit from Solana using this coin.

How does that work ? Converting the coin and then dumping you mean here ?

That's just some weird "whales are bad" conspriracy.
Only way that would work is that those whales would buy every BONK from everyone who got it airdropped and after gaining most of the tokens they would use it on pump & dump scheme.
Some people aren't accepting easy and more plausible answers because they see everything as some interesting plot they uncovered.

[Oilacris]

If you follow crypto news, you might be aware about solana dog shitcoin called "BONK" is up 900% the past week . If you are thinking to invest in this coin, let me share an important fact regarding this coin. The top 20 holders 50% of the coin.

You can yourself check this here
https://solscan.io/token/DezXAZ8z7PnrnRJjz3wXBoRgixCa6xjnB7YaB1pPB263#holders

So, it is obvious that they will eventually dump it. Those who are investing seeing the dramtic increase in prices will loose all their investment when it dumps.

If we do tend to look now.
https://coinmarketcap.com/currencies/bonk1/

Price had already corrected out which to those who had bought on the peak price or ATH will really be ending up on regretting and whining up
about their negative portfolios.

Its not something new and its been that common on what we are seeing where these hype and shilled coins  is something where those
people do love to dragged themselves into the hype and cry later on if they had been caught by the dump.

[shinratensei_]

just like so many have stated this shit coin BONK quite literally just a coin for exiting solana for the whales and nothing more, I've seen so many saying that this coin gonna be the next shiba inu that it has significantly more features but at the end of the day, it's just shitcoin. now it's value has been decrease more than 50%, I doubt it could even make a come back, even if it could, i'm sure it will eventually go back down again, so many are trying to exit sol after the collapses of certain exchanges but couldn't find the chance, this coin is like very good chance for them in exiting solana meanwhile mantaining their investments value, i'm sure eventually everyone gonna liquidate their BONK further.

[Jody.Drummer]

it looks like Memecoin in 2023 will become a hype again, with a sign that BONK has experienced a very high increase since its release on the market,
BONK has become one of the Solana ecosystems that is experiencing a bullish trend, yes this can be said to be very high risk,
because BONK is also a memecoin and it can really happen RUGPULL, so it's better if you are already profitable then stay away.

The last 3 years there have always been hype meme coins, and this year has been the year that the meme coins from Solana have been talked about a lot. As we saw earlier how coin memes end, and it's likely the same thing happened with $Bonk. I don't think this hype period will last too long, because people are just taking advantage of the situation, and in the end everyone will leave this meme coin.
What worries me is how beginners are tempted by the increase, and that can be a big loss for them, especially when they only buy because other people are buying too. Because basically those who will benefit are the first to enter, and those who are late and last to enter will only feel the loss.

[jeraldskie11]

This meme coin (BONK) is trending right now. People are getting hyped by the news that developers burned 5 Trillion Bonk. We really expect that the price will rise up a little but gradually the price will go down. I hope we will gather more information about the project before we invested it.

[Ben Barubal]

If you follow crypto news, you might be aware about solana dog shitcoin called "BONK" is up 900% the past week . If you are thinking to invest in this coin, let me share an important fact regarding this coin. The top 20 holders 50% of the coin.

You can yourself check this here
https://solscan.io/token/DezXAZ8z7PnrnRJjz3wXBoRgixCa6xjnB7YaB1pPB263#holders

So, it is obvious that they will eventually dump it. Those who are investing seeing the dramtic increase in prices will loose all their investment when it dumps.

It maybe a one of the meme coins of SOLANA, but compared to other meme coins this Bonk has been listed in more than 10 exchange here in the cryptocurrency, how is that anyway? And as far as I know, its price was already increased more than 2k+ percentage actually. It's pity that I missed the airdrops too, and its volume as well for me is not that bad at all anyhow.

Since that it was under by SOLANA, I can gamble at least 20$ to buy this bonk on Raydium anyway, then hold until
when the bullish season will come back in the market. Who knows that suddenly in the near future they will burn a billions of
their coins where it will push the price get high.

[isaac_clarke22]

~

It's pathetic yeah. Meme coins are like one of the cheapest thing they could convince people to be into crypto and just turned out being against them in the end. smh.
I can't even imagine some would commit whole savings to such meme coins like this. Could be true that there are so many ways to convince people still but hey come on, at least put a little effort to it as a business owner or even a dev.

I had seen some projects in Github where there are even no recent updates, lol.

[Inspiron14]

This meme coin (BONK) is trending right now. People are getting hyped by the news that developers burned 5 Trillion Bonk. We really expect that the price will rise up a little but gradually the price will go down. I hope we will gather more information about the project before we invested it.

burning 5 Trillion BONK and the total supply according to coinmarketcap is very large, 99 trillion BONK, and you hope that just burning 5 trillion will make BONK go up high?
I think you really have a dream and maybe BONK is nothing more than a shitcoin!. keep in mind! do not believe in memecoin other than DOGE and SHIBA,
because memecoin is very dangerous for future investment, unless you just want to trade it

[o48o]

-cut-
do not believe in memecoin other than DOGE and SHIBA,
because memecoin is very dangerous for future investment, unless you just want to trade it

People didn't believe in memecoins like Doge and Shiba when they came.
Some people warned not to invest in such a crap.
Some people didn't listen to warnings and made lots of money by investing to them.

So how can you tell this is  not one of those cases in the future?
Personally i wouldn't know. One thing i've learned is to never underestimate stupid people and their willingness to keep meme coins high in charts.

[eaLiTy]

~
For every shitcoin this is how it goes, the earliest folks get the money and then the late ones get all the rekt.

A classic Ponzi and that is what majority of the alts are doing. Rinse repeat and come up with some other shitty idea and people will be willing to shell out money thinking it is the next big thing and they loose once again and it will keep on coming. Everyone was itching to see some action and BONK gave them that meme coin fantasy they wanted  .