What is the issue price of BONK coin

BONK coin, an airdropped Solana-based token without an official team, initially traded at approximately $0.000000375 against the US dollar upon its launch in December 2022.

Nov 10, 2024 at 08:38 am

What is the Issue Price of BONK Coin?

BONK coin is a community-created token on the Solana blockchain that was airdropped to users of various Solana applications and services. It has no official team or project behind it and is primarily driven by the community. As such, there was no traditional "issue price" in the sense of an initial coin offering (ICO) or fundraising event.

However, upon its launch on December 25, 2022, BONK coin had an initial value of approximately $0.000000375 against the US dollar (USD). This value was determined by the formula used for distributing BONK tokens based on historical user activity on Solana.

It's important to note that the value of BONK coin, like any cryptocurrency, is subject to market fluctuations and is not guaranteed to maintain its value. Its price is determined by supply and demand in the market, and its performance may vary depending on various factors such as community sentiment, market conditions, and overall adoption. Investors should exercise caution when investing in any cryptocurrency and thoroughly research and understand the risks involved.