Bonk's third reversal could be on the horizon

In July of this year, Bonk's market share surpassed its competitors, and the market has high expectations for it. This is not only due to the negative impact of certain projects over a long period but also because Bonk itself represents a story of continuous comeback, reflecting the competition between the community and capital.

Bonk experienced two important reversals:

First of all, when a large exchange collapsed, Bonk challenged the capital on behalf of Solana developers, setting off a highlight moment for the Solana ecological meme token.

Secondly, when some projects were frantically raising funds, Bonk led many participants back to the community-centric meme culture. It created a series of interesting narratives, such as Wangcai, useless coins, Hosico, etc., and once occupied an important position in the Solana ecosystem.

Subsequently, a large number of investment funds targeting Bonk emerged, new trading platforms kept appearing, and various asset launch platforms went online, competing for limited market share. With market attention shifting to the secondary market, the wealth creation wave in Solana began to recede, and the popularity of Bonk gradually declined. Nevertheless, Bonk's development is still worth paying attention to.

Recently, a well-known figure called to "make memes great again," and Bonk-related platforms are collaborating with other projects to launch creator incentive activities. This move is quite significant.

Some projects that were once heavily criticized have lost their appeal, and social launch platforms have repeatedly been debunked. In this context, Bonk, which originated from a meme, has ultimately returned to its meme essence.

This makes one ponder: do people truly love the meme itself, or the thrill of trading memes?

Next, Bonk could have a third comeback.

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Solana has become the largest carrier of liquidity in the crypto space, with more daily trading volume than all capital markets combined. In the future, it is likely that the main capital will continue to focus on the Solana ecosystem, whether it is the primary or secondary market.

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Incentive activities launched jointly by certain platforms may stimulate traders: traders can receive up to 60% cashback on transaction fees, while creators can receive up to 15% cashback on transaction fees, with rewards available for collection every 24 hours.

Every reversal of Bonk is inseparable from the enthusiasm and creativity of the community. Whether it's the carnival of meme culture or the participation of creators, both are driving Bonk's continuous rebirth.

When the narratives in the market are overused, and investors are no longer swayed by mere emotions, those sincere communities willing to invest resources will still become the focus of the market. This is the real key that can enable Bonk to achieve its third turnaround.

Let us look forward to the resurgence of meme culture together.

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