The Third Reversal of Bonk: The Return and Innovation of Meme Culture in the Solana Ecosystem

In July of this year, I wrote an article discussing the development of Bonk. At that time, Bonk was highly anticipated in the market, not only because it broke the long-standing speculative atmosphere but also because it itself is a story of reversal after reversal, showcasing the game between the community and capital.

Bonk has gone through two major turning points:

First, during the crash of a major exchange, Bonk challenged capital on behalf of Solana developers, marking the glorious moment of Solana's ecosystem meme tokens.

Secondly, in the wave of speculation, Bonk has led many participants back to a community-centric meme culture. It has created a series of interesting and content-rich narratives, once occupying an important position in the Solana ecosystem.

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Subsequently, numerous funds targeting Bonk emerged in the market, new trading platforms continued to appear, and various asset launch platforms went live, competing for a limited market share. Additionally, as market attention shifted to the secondary market, the wealth creation frenzy within the Solana ecosystem began to wane, and Bonk's popularity gradually decreased. Nevertheless, I have been closely monitoring the development of Bonk.

Recently, a well-known figure enthusiastically shouted "Make memes great again!" Bonk-related platforms have collaborated with other projects to launch creator incentive activities. His recent social media update also focused on "memes", and after careful consideration, it was found to be quite interesting.

The long-criticized speculative pump-and-dump behavior, with dozens of live trading sessions daily, is annoying. Although certain projects have not completely disappeared, they are now seldom inquired about. As for social launch platforms, there's no need to elaborate; they have been repeatedly debunked.

The Bonk that originated from a meme has ultimately returned to its meme essence.

Do people truly have a genuine love for the meme itself, or are they simply addicted to the thrill of trading memes?

Back to the point, the next might be Bonk's third reversal.

Solana has become the main conduit for capital flow in the cryptocurrency market, with daily trading volume exceeding the total of all capital markets. The future capital focus will still be on the Solana ecosystem, whether in the primary or secondary market.

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A certain platform has launched an incentive program in collaboration with the Bonk-related project and a certain DEX, which may stimulate traders to some extent: traders can receive up to 60% in fee rebates, while creators can receive up to 15% in fee rebates, with rewards available for collection every 24 hours.

The power of the meme community cannot be ignored. Every reversal of Bonk is inseparable from the enthusiasm and creativity of the community—whether it is the carnival of meme culture or the active participation of creators, both are driving Bonk to continuously be reborn.

When the narratives in the market are overused, and investors no longer buy into pure emotions, those sincere communities willing to invest resources will still become the focus of the market – this is the key to truly enabling Bonk to complete its third turnaround.

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Finally, let's look forward to the meme culture shining brightly once again.