Stay away from BONK

[Hildentine]

I think Bonk is a meme token and they suddenly give a huge profit to people how hold nft in Solano wallet so according to my experience is that its a great future and it is a promising project so i think it give more profitable in future.

[1715498393]

1715498393

[DeathAngel]

It’s like any of these meme coins, they are high risk but carry a high reward. It’s not a good idea to go running after green candles but this race could still have a while to run. What I mean is, it could still have a higher upside potential.

Don’t risk a large % of your portfolio in this but a small allocation could be OK. I just prefer not to invest in large supply coins/tokens where a big % of supply is owned by a small amount of investors/developers.

Some people make a lot of money in coins like this but the risk is that the large bag holders dump on you & you are not able to react quick enough which results in you being rugged. Just DYOR & be careful out there.

[Hypnosis00]

It’s like any of these meme coins, they are high risk but carry a high reward. It’s not a good idea to go running after green candles but this race could still have a while to run. What I mean is, it could still have a higher upside potential.

I see a lot of people joining and buying coins in hyped and making huge money. I don't think it was a piece of luck or something but definitely, these people are too smart in handling the situation and could make selling their coins at the perfect time.

Don’t risk a large % of your portfolio in this but a small allocation could be OK. I just prefer not to invest in large supply coins/tokens where a big % of supply is owned by a small amount of investors/developers.

Some people make a lot of money in coins like this but the risk is that the large bag holders dump on you & you are not able to react quick enough which results in you being rugged. Just DYOR & be careful out there.

I agree with the high risk in investing in these meme coins or any coins that have no working product. But I was also amazed at some people who could make a good shot out of it and earn big. But I don't encourage people to even try doing this unless we are ready to lose our money.

[JeffBrad12]

Some people make a lot of money in coins like this but the risk is that the large bag holders dump on you & you are not able to react quick enough which results in you being rugged. Just DYOR & be careful out there.

agreed with this statement, there are many meme coins that quite literally getting owned by few people meaning there's just bigger chance of it turning out as a rugpulls than other coin. there has been so many cases out there of meme coins where majority of supplies were being kept by the devs and as it turns out the devs dumping the coin into oblivion basically turning it into dust in which I think should be of concern for many.

[LowRezStudios]

Dang it got real quiet on this thread all of a sudden.

What happened?

Do we stay away from $BONK or not?

[wheelz1200]

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.

I mean without even looking why would anything called "Bonk" be something that's needed anyway.  The amount of tokens and coins that keep getting developed with little to no value and gets pumped is beyond amazing.  The amount of greed in crypto is hilarious.  Seems like it will never end until everyone one by one loses theor money to all of these scams.

[LowRezStudios]

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.

I mean without even looking why would anything called "Bonk" be something that's needed anyway.  The amount of tokens and coins that keep getting developed with little to no value and gets pumped is beyond amazing.  The amount of greed in crypto is hilarious.  Seems like it will never end until everyone one by one loses theor money to all of these scams.

When it comes to your comments regarding greed, hilarity, and scams, you are 100% right.

However, $BONK as it stands and appears to us over at LowRezStudios have a different opinion in terms of the "what is needed" category.

Overall, very insightful opinion @wheelz1200.

Thank you <3

[krishnaverma]

I mean without even looking why would anything called "Bonk" be something that's needed anyway.  The amount of tokens and coins that keep getting developed with little to no value and gets pumped is beyond amazing. 

We should not judge by name only but by the features the coin has. Most of these coins do not solve any real problem. They exist just in order to make the developer or person behind the coin rich. Most of the people see good price rise in these coins and they start running towards the coins. The price rise is also bought using fake manipulation.

The amount of greed in crypto is hilarious.  Seems like it will never end until everyone one by one loses theor money to all of these scams.

This greed is everywhere where money and power is involved. And whenever, we have so much greed, there is always room for corruption and scams. However, the people who want crypto to prosper should always bring it in open if they find something misleading in crypto world to save others.

[Rasa nanas]

basically long-term investment in meme coins is not recommended, especially if buying when the price rises drastically because the risk will be even greater. although this meme coin saved the price of solana some time ago, but with this fact investors or potential investors must be more vigilant, especially since bonk is a new meme coin and not as popular as doge and shiba.

[krishnaverma]

Dang it got real quiet on this thread all of a sudden.

What happened?

Do we stay away from $BONK or not?

They have already failed once and it was proved to be a scam like coin.

If they saw some pump recently, it does not mean that they are on right track now. If they are able to fool you once again, it means that crypto is not for you. You should have very strong mind and should be able to capture patterns as soon as possible. If you are able to stay away from these coins by identifying these signs, your capital will be safe. I am not telling not to invest in any alt coin at all but do not jump blindly on a coin just because it jumped 200% in last 24 hours.

[Ketesnuko]

You've done your research well, whenever a project has many circulating supplies out there and half of the supply belongs to one address or 10 people this is a big red flag because people will eventually dump on you and the project will start perishing from there, always look onto etherscan and bscscan for answers.

[b3j0]

You've done your research well, whenever a project has many circulating supplies out there and half of the supply belongs to one address or 10 people this is a big red flag because people will eventually dump on you and the project will start perishing from there, always look onto etherscan and bscscan for answers.

team ? investors? Or maybe hackers?
if it's a hacker's wallet maybe he will sell and not think about the price, but if they are part of a team or an investor I think they won't sell which could cause the price to crash. the team or investors will definitely think long-term, especially since this project has just been hype.