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Bonk token goes bonkers as traders chase after high yields in the Solana ecosystem

According to the project’s website, Bonk is the first dog token on the Solana blockchain. Initially, 50% of the token supply was airdropped to Solana users with a mission to remove toxic Alameda-styled token economics. The airdrop resulted in more than $20 million in trading volume according to the Solana decentralized exchange Orca.

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Source: Cryptocurrency - investing.com

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