Is Polygon Co-Founder Trading Solana’s Meme Coin BONK?

    Solana’s meme token BONK witnessed huge hype in the previous couple of days, which even compelled crypto exchanges to right away checklist BONK. Polygon co-founder Sandeep Nailwal even not directly traded BONK tokens and favored the person expertise on the Solana blockchain, as per Bonk Inu’s Twitter deal with.

    Polygon Co-founder Sandeep Nailwal Traded BONK Tokens

    Bonk Inu in a tweet on January 7 claimed that person expertise on the Solana blockchain is so good that even Polygon’s co-founder Sandeep Nailwal skilled utilizing BONK tokens.

    “It seems Solana’s user experience is so good the cofounder of Polygon can’t help but to play with $BONK?”

    It cited a tweet that claims Polygon co-founder funded a pockets that’s been buying and selling BONK tokens. Therefore, he’s additionally accustomed to Solana DeFi.

    The blockchain data reveals the choice account obtained over 300 million BONK tokens. The account is actively buying and selling BONK tokens.

    Polygon co-founder earlier agreed that the Solana chain is unstable. Polygon even paid $3 million to DeLabs emigrate its Solana-based NFT tasks DeGods and Y00ts emigrate chains. The tasks have been the highest 2 NFT collections on Solana, driving nearly 70% sale quantity on Solana. It precipitated the SOL worth to plummet under $10.

    However, the BONK hype saved Solana from collapsing and lifted the SOL worth to over $14.50. The BONK worth additionally rallied over 4000% in per week. Currently, a number of tasks and Dapps are coming onto the Solana blockchain, which can additional improve Solana’s utility.

    Also Read: Developers Burned All 5 Trillion BONK, Upcoming Solana Price Rally?

    Can Solana and BONK Rally Again?

    Both Solana and BONK proceed to development on Crypto Twitter and CoinMarketCap. The Solana worth is at the moment buying and selling sideways after a 35% rally this week. The SOL worth is $13.17.

    Meanwhile, the BONK worth additionally witnessed profit-taking after a 4000% rally this week. The BONK worth is at the moment buying and selling at $0.000002047, down 2% within the final 24 hours.

    Also Read: Shiba Inu’s Shibarium Beta Launch Almost Here, Says Official Portal

    Varinder is a Technical Writer and Editor, Technology Enthusiast, and Analytical Thinker. Fascinated by Disruptive Technologies, he has shared his information about Blockchain, Cryptocurrencies, Artificial Intelligence, and the Internet of Things. He has been related to the blockchain and cryptocurrency business for a considerable interval and is at the moment overlaying all the most recent updates and developments within the crypto business.

    The introduced content material could embody the non-public opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn’t maintain any accountability to your private monetary loss.

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