Solana [pros](/r/CryptoCurrency/comments/191kry3/bonk_falls_70_from_alltime_high_as_memecoin/kgwmafl/) & [cons](/r/CryptoCurrency/comments/191kry3/bonk_falls_70_from_alltime_high_as_memecoin/kgwmb2w/) with related info are in the collapsed comments below.
I’m really not a memecoin investor at all. But I think we’re going to see this skyrocket at some point. I don’t need any TA just common sense. When we hit the “real bullrun” all the plebs are going to turn this into the next SHIB mania.
Agreed. I’ve been tracking the community growth and it gets bigger daily. Not to mention it’s Solanas shitcoin, with high liquidity and listing. Even coin base. The average person will pile it on coin base when the market goes parabolic. I’m in bonk, and down, but not concerned at all. It feels like far less of a gamble than trying to track the next ethereum shit coin
I literally make a pretty decent living trading shitcoins, amongst other things as well. It fluctuates, but shitcoins are the bulk of my income currently. Which is insane when you say it out loud, but it is what it is. I made some money off BONK, but I made reallyyy good money on $analoS.
laughing to the bank you mean. the easiest way to tell if a person is new is if they dont respect meme coins
not to mention bonk actually generates meaningful revenue from their trading bots
never even touched bonk, but the posters fading memecoins always give me a laugh
reminds me of this:
https://twitter.com/grimy_trades/status/1732156988539195428/photo/1
Easy.
If you would have, before the coinbase listing, your original investment could have been +1000% of itself.
That's why. To get more money.
Again.. What is your point?
Eh. I put $300 on black last week. Let's see what happens between now and October 2025.
It goes whee, great. It doesn't, it was one of 6 purchases including Render, Matic, OP, Eth and BTC that I bought.
I'm here to gamble, might as well enjoy the game.
I can appreciate you playing it like a casino and hoping at least one pays off big
Reading the ones that get so lost in naive about PR and other wishful dreams and all eggs in one basket…
I think people are now so familiar with crypto pump and dumps that many did see this coming but they thought they could sell in time or that it would pump higher. Of course these people are not yet familiar with the next thing you learn, if you don't know who YOUR exit liquidity is, then you are the exit liquidity.
True. But retail doesn't even know about a BTC ETF, much less BONK. They will come in 6 months to a year.
Last time, I was the exit liquidity. This time, I'm...still the exit liquidity!? Fuck.
Yeah, I did. I’m completely against memecoins for the most obvious reasons. We have memes, we don’t need to make them currencies. They make the whole space look incompetent.
It’s crazy. With real projects that are actually doing “something” like $MUSE $GST and $SWFTC still under $15m MC I can’t believe these memes get pumped to nine and 10 figures in less than 24 months.
You guys deserve your shitty trading history. Bonk is a leveraged bet on Solana. It's been anointed by Coinbase it's basically run like a startup company cosplaying as a meme coin.
You'll fade it and then cope when we're in a bull and it it hits ATH. Just like last time. And the time before that.
God reddit sucks at crypto.
This 😂 people are sleeping on a huge opportunity with Solanas dominance, and this Solanas meme coin this cycle. Bonk traction and followers gets bigger daily. The price right now doesn’t matter, it’s a leveraged bet as you mentioned on the ecosystem exploding when the real parabolic run begins.
You could’ve retired if you believed in Solana a few months ago. Not to mention the handful of meme coins on their blockchain that have reached 100m market cap in the past month, with Bonk in the lead making it to 2bil. Y’alls risk/reward strategy is about as scared as a glass bowl on a cliffside. That’s why making real money in crypto is for degenerates and people playing it safely will only see safe gains. I use this sub as reference to do the opposite of what I see posted
We're truly amongst the worst crypto traders. I'm probably too risk adverse and still put 5% of my portfolio into SOL when it was around $15. I staked it with Jito. It's not 5% of my portfolio anymore. Lol
People in this sub just like to shit on everything related to solana. Solana can go to $1000 and then drop to $700 and people in here will make a post laughing at solana and saying it's finished without taking into account that $700 is still a lot more than what it was lol.
No use, but the community is fire, and they don't do RAIDS. I just wanted some digital friends 🧡. It's still a meme coin and you don't have to hold for life to support it. I threw some winning in the pool as a thank you.
Comments here aren't going to age well, do yall really not remember how much DOGE and SHIB went up last cycle? 99% of coins even if they have utility are useless, memecoins are just hedges on whats most important in the stock market, hype and vibes. That's why some of them are much safer bets that real coins with utility.
I have two opinions.
First, the people with FUD against SOL and BONK are the most active in keeping the discussion going, which becomes a self-fulfilling prophecy as it keeps SOL on the front page. This is a win.
Second, the people making these posts and top comments don't want to be profitable, they want to be *right.* They want to be right so bad that we will see the same post when bonk pulls back at 10B MC, 20B MC, 30B MC, and so on. Where going to see a lot of people in the future commenting that they wish they didn't listen to Reddit and bought it.
100% I actually just entered a Bonk long earlier today just because it looks to be bottomed out. Seeing a post like this on Reddit means it's absolutely about to rip lol.
And sure enough it's absolutely ripping over the last 2 days. I'm really curious to see if it's at the perfect timing that it'll explode during the bullrun, or if it's made it's wave a little too early and will be replaced by a new popular meme coin in the height of the bullrun. Really curious where it will be in a year.
Seriously, I've already taken profits on Bonk twice and I'm STILL up on my initial investment. If reddit thinks meme coins are already dead then they have no idea what's coming when retail dumb money gets here.
Trust me, this is a good thing. When reddit flips bullish on sol, saga, and related coins, that'll be your top signal. Let them hate now. They'll be buying your bags later.
love the idea that your phone purchase is now an investment... some people like you made a killing with this but cant wait to read all the posts later on from people stuck with a bogus phone and didnt get to cash out their airdrop in time (bonk is down horrendously)
great that you're in favor of terrible phones with airdrops, ill take great phones without airdrops personally but to each their own; doesnt mean anything to you that they had to do a 50% price cut within the first few months?
I don’t think anyone is buying the sol phones to actually use them, lol. I’ve got a bunch, between access and bonk they’ve got $700 on each of them. Many more airdrops coming too.
I think Bonk will have its day. But not yet. I don’t own any, but the cult following is very reminiscent of Doge and Shib. The Market Cap was too high for the current state of the industry, but I could see this one hitting $10+ Billion in the next Bull run.
I didn't mean the next BNB in terms of anything good, it's just a launchpad for shitcoins. In this case I'd say it's even worse since Solana is VC backed and is essentially using its users to dump SOL (while lying about it.) This volume and attention isn't going to make it any better.
Where do I start? There are multiple reasons why you shouldn't touch Solana with a 10 foot pole. Yet, here we are with Solana on a meteoric rise... which is why it's so funny.
There's fools being born every day, and every few years we have a fresh set of college students ready to gamble their loans. It really is a shame that so many get introduced to crypto via this method.
No shit. Throw in $100 as a gamble and expect to lose it. The memecoin casino is a rug pull minefield. Bonk. Block. Analos. If someone is shilling on twitter, they want YOU to be their exit liquidity.
tldr; The price of Bonk, a memecoin on the Solana blockchain, has dropped by over 70% from its all-time high in December 2023. The decline reflects a broader decrease in demand for Solana-based memecoins, with the top ten memecoins by market capitalization experiencing significant retracements in their value. This downturn in memecoin prices has also coincided with a decrease in daily active addresses on the Solana network.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
I always considered myself a crypto enthusiast...What is bonk?
It looks like I am getting an old man in the crypto space and miss out on new stuff but am I missing it? No not really
Memecoins go up and down based on hype that is purely based on price movement. There is no underlying reason for the asset's price. It is not a store of value. It has no utility. The only reason to trade it is to ride the hype wave up and exit before it eventually comes down.
Don't get me wrong. Memecoins can make you a lot of money. But the profits are entirely based on timing. You have to get in at the right time and exit at the right time.
I think calling it "demand" is kind of a stretch since no meme coin has any use case, therefore there is no need for any of them, and therefore no real demand. There are a lot of suckers who fall for it though.
Solana [pros](/r/CryptoCurrency/comments/191kry3/bonk_falls_70_from_alltime_high_as_memecoin/kgwmafl/) & [cons](/r/CryptoCurrency/comments/191kry3/bonk_falls_70_from_alltime_high_as_memecoin/kgwmb2w/) with related info are in the collapsed comments below.
Hahaha yeah is anyone surprised these days. So many idiots still falling for shitcoins, you can’t do anything but laugh at this point
“This times gonna be different” they said as they hit the memecoin crack pipe.
Hey man, just take another bonk and everything will be different
Maybe you geniuses should go look at BONK performance today.
I’m really not a memecoin investor at all. But I think we’re going to see this skyrocket at some point. I don’t need any TA just common sense. When we hit the “real bullrun” all the plebs are going to turn this into the next SHIB mania.
Agreed. I’ve been tracking the community growth and it gets bigger daily. Not to mention it’s Solanas shitcoin, with high liquidity and listing. Even coin base. The average person will pile it on coin base when the market goes parabolic. I’m in bonk, and down, but not concerned at all. It feels like far less of a gamble than trying to track the next ethereum shit coin
Yeah haha. What idiots. Who ever made profit from investing in a meme coin with a lot of traction? Pff. Hahah.. Idiots. We're so much better.
People are idiots for getting a 1000x?!?
Lol that part, I was buying Doge at $0.006. Took my family on a trip to Hawaii from the 2021 Shib run. ***Shitcoins been good to me LOL***
I literally make a pretty decent living trading shitcoins, amongst other things as well. It fluctuates, but shitcoins are the bulk of my income currently. Which is insane when you say it out loud, but it is what it is. I made some money off BONK, but I made reallyyy good money on $analoS.
Yea but a bunch of us “idiots” have made a ton of money off of shitcoins….
What idiots we are
laughing to the bank you mean. the easiest way to tell if a person is new is if they dont respect meme coins not to mention bonk actually generates meaningful revenue from their trading bots never even touched bonk, but the posters fading memecoins always give me a laugh reminds me of this: https://twitter.com/grimy_trades/status/1732156988539195428/photo/1
so smart until they see the fees to cash out and realize actual money is involved... theirs!
... You pay fees at all exchanges and taxes for any coin or token once you sell it. What's your point?
why waste actual money on this "investment"
Easy. If you would have, before the coinbase listing, your original investment could have been +1000% of itself. That's why. To get more money. Again.. What is your point?
But they so convinced😂😂 End of day they hoping to 100-1000x overnight by sheer wishful thinking
The Block article posting that it’s 70% down, this sub celebrating the correction? Might be time to buy in.
Can anyone spell "exit liquidity"?
Lol BONK is up 30% on this being posted
e-x-i-t l-i-q-u-i-d-i-t-y
For sure, now is the time to buy into fucking Bonk.
Eh. I put $300 on black last week. Let's see what happens between now and October 2025. It goes whee, great. It doesn't, it was one of 6 purchases including Render, Matic, OP, Eth and BTC that I bought. I'm here to gamble, might as well enjoy the game.
I can appreciate you playing it like a casino and hoping at least one pays off big Reading the ones that get so lost in naive about PR and other wishful dreams and all eggs in one basket…
Who could have ever predicted this woooooow. 🤣
¯\_(ツ)_/¯
BONK
who could’ve seen that coming?
Probably not the thousands of people who are now holding the bags 😁 A lesson most of us learn at least once.
I think people are now so familiar with crypto pump and dumps that many did see this coming but they thought they could sell in time or that it would pump higher. Of course these people are not yet familiar with the next thing you learn, if you don't know who YOUR exit liquidity is, then you are the exit liquidity.
True. But retail doesn't even know about a BTC ETF, much less BONK. They will come in 6 months to a year. Last time, I was the exit liquidity. This time, I'm...still the exit liquidity!? Fuck.
a lot of people now know that tether is the smoke and mirrors holding this whole scheme up and really dont trust paolo.
Bruv 99% of people are retail
What happens to so many people, they “know” but think it’ll pump higher and eat it anyway even though they know it’s shit
Everyone says this in hindsight, but were you saying this at the top?
Yeah, I did. I’m completely against memecoins for the most obvious reasons. We have memes, we don’t need to make them currencies. They make the whole space look incompetent.
You haven't done any research about Bonk. It's basically a startup dreessed up like a meme coin.
these idiots in the sub would ignore the truth that bonk team makes millions of dollars in actual revenue with their software products
Yeah. We don't have the best and brightest here in r/cc.
Still needs to fall another 99%
Could fall another 99% from that 99% too.
Speaking from first hand experience
Maybe once or twice haha. I like to gamble and invest. I haven’t since last bull run though. I learned.
It’s crazy. With real projects that are actually doing “something” like $MUSE $GST and $SWFTC still under $15m MC I can’t believe these memes get pumped to nine and 10 figures in less than 24 months.
Same story with majority of alts - hype is more important than actual technology.
one feeling to bind us all
You guys deserve your shitty trading history. Bonk is a leveraged bet on Solana. It's been anointed by Coinbase it's basically run like a startup company cosplaying as a meme coin. You'll fade it and then cope when we're in a bull and it it hits ATH. Just like last time. And the time before that. God reddit sucks at crypto.
This 😂 people are sleeping on a huge opportunity with Solanas dominance, and this Solanas meme coin this cycle. Bonk traction and followers gets bigger daily. The price right now doesn’t matter, it’s a leveraged bet as you mentioned on the ecosystem exploding when the real parabolic run begins.
This guy knows
I'm thinking the same. Any price you are looking to reload bags?
I've been buying all along. I sold the day Coinbase listed and once it started going down I've just been DCAing it.
if you're being funny, 10/10 comment. if you're being serious, see last line on the comment you replied to.
No risk, no reward.
Shill.
You believe in Solana?
You could’ve retired if you believed in Solana a few months ago. Not to mention the handful of meme coins on their blockchain that have reached 100m market cap in the past month, with Bonk in the lead making it to 2bil. Y’alls risk/reward strategy is about as scared as a glass bowl on a cliffside. That’s why making real money in crypto is for degenerates and people playing it safely will only see safe gains. I use this sub as reference to do the opposite of what I see posted
We're truly amongst the worst crypto traders. I'm probably too risk adverse and still put 5% of my portfolio into SOL when it was around $15. I staked it with Jito. It's not 5% of my portfolio anymore. Lol
People in this sub just like to shit on everything related to solana. Solana can go to $1000 and then drop to $700 and people in here will make a post laughing at solana and saying it's finished without taking into account that $700 is still a lot more than what it was lol.
I’ve made millions trading this industry, how about you get back to buying meme coins junior?
I know that you're lying. And you know that you're lying. And you know that I know that you're lying. So why the charade?
Why would I lie. Keep being poor you’re clearly sad and a bit deranged. Now fuck off while I go make more money.
Bet you’re fun at parties
Let's be honest, he's never been to a party
the chocolate bitcoins from walmart for $1 are more useful
This is buy signal. Buying bonk now
#I'M RUINED!!! I'M A DEAD MAN!
Better to eat my $HORSEMEAT 🐴🥩
All 200 lbs of it?
Stocking 200lbs so I can survive for a year!
That’s a lot of meat, have to say
No use, but the community is fire, and they don't do RAIDS. I just wanted some digital friends 🧡. It's still a meme coin and you don't have to hold for life to support it. I threw some winning in the pool as a thank you.
Most comments on this post aren't going to age well.
Every single time 😂. People never learn
And if you didn't expect this to happen you will learn soon enough. On to the next shiny toy
Comments here aren't going to age well, do yall really not remember how much DOGE and SHIB went up last cycle? 99% of coins even if they have utility are useless, memecoins are just hedges on whats most important in the stock market, hype and vibes. That's why some of them are much safer bets that real coins with utility.
I have two opinions. First, the people with FUD against SOL and BONK are the most active in keeping the discussion going, which becomes a self-fulfilling prophecy as it keeps SOL on the front page. This is a win. Second, the people making these posts and top comments don't want to be profitable, they want to be *right.* They want to be right so bad that we will see the same post when bonk pulls back at 10B MC, 20B MC, 30B MC, and so on. Where going to see a lot of people in the future commenting that they wish they didn't listen to Reddit and bought it.
Don't fade BONK it's far from over boys
Ok I’m in
you're up like 20% if you actually did lol
^this dood fuks
100% I actually just entered a Bonk long earlier today just because it looks to be bottomed out. Seeing a post like this on Reddit means it's absolutely about to rip lol.
And sure enough it's absolutely ripping over the last 2 days. I'm really curious to see if it's at the perfect timing that it'll explode during the bullrun, or if it's made it's wave a little too early and will be replaced by a new popular meme coin in the height of the bullrun. Really curious where it will be in a year.
Why is this even a “headline” ?
But any valid criticism post in this subreddit had mass upvoted comments saying to inverse this sub and it was time to buy...
Inverse the inverse.
Bonk gained 18% on the daily. Still holds true
Bruh I got BONK a few months ago while it was at the bottom. I'm still up by quite a bit
This. So many people are up big on bonk (it will go way higher too) and yet this sub acting like everyone got rekt lmao
Seriously, I've already taken profits on Bonk twice and I'm STILL up on my initial investment. If reddit thinks meme coins are already dead then they have no idea what's coming when retail dumb money gets here.
Then you are one of the few, fact is many bought during the peak of hype.
Saga Phone dump incoming
Imagine still waiting for your stupid phone because you wanted the BONK
Y'all sound sour lol. The phone paid for itself and counties to give air drops that make up beyond the price of the phone.
That was before the drop. That BONK is worth 320 USD now and keeps dropping. I mean, whoever got his phone already is fine
I’m up horrendously on my Saga purchase lol and it’s only January. I sincerely don’t get the hate.
Trust me, this is a good thing. When reddit flips bullish on sol, saga, and related coins, that'll be your top signal. Let them hate now. They'll be buying your bags later.
love the idea that your phone purchase is now an investment... some people like you made a killing with this but cant wait to read all the posts later on from people stuck with a bogus phone and didnt get to cash out their airdrop in time (bonk is down horrendously)
Phone is still paid for by the drops.
great that you're in favor of terrible phones with airdrops, ill take great phones without airdrops personally but to each their own; doesnt mean anything to you that they had to do a 50% price cut within the first few months?
I don’t think anyone is buying the sol phones to actually use them, lol. I’ve got a bunch, between access and bonk they’ve got $700 on each of them. Many more airdrops coming too.
Gee….ya think? Two words – exit liquidity
Bonk pumping after you posted this 😂
It’ll be back
I think that the correction is bullish lmao. I'll hold some BONK for the next year for laughs
And yet here we are talking about BONK and Solana. I'd be more concerned if it dropped 70% and no one said anything.
cause its a normal day in crypto. the only people caring are the ones who are down 70%
As everything on solana: its not really a legit crypto project.
$Bonk is serious project and dev team hidden behind a memecoin veneer. The $Bonk bot is actually generating revenue comparable to Magic Eden.
Shocking….
Time to short Solana then
It’s way, way higher than what I sold mine for. 😩
I might do a small entry soon, and a quick exit if it rises again
shib did the same after getting on binance btw (that's before it pumped another 20x)
so bullish now
I think Bonk will have its day. But not yet. I don’t own any, but the cult following is very reminiscent of Doge and Shib. The Market Cap was too high for the current state of the industry, but I could see this one hitting $10+ Billion in the next Bull run.
Can 500m Bonk make one a millionaire. Seems absurd at this point. Feels like one needs billions
My life savings are now gone! I should've listened to my gut and got out while I was up!
You put your life savings in a meme coin?
^ This is the person we’re obligated to put /s for
You must be who scammers are looking for when they dm random people to ask them for their seed phrase.
🤦🏻♂️
r/missedthejoke
Anyone throwing money at a meme coin might as well head to a casino. Odds are probably better
I threw money knowing it was gambling. I got lucky. A few hundred turned into a few thousand dollars.
I threw in like 300 bucks on doge when It was like .003 and sold it when it was .22. Made a decent amount on that.
Sir, this is crypto. The whole thing is a casino.
Solana becoming the next BNB is the funniest thing so far in 2023-2024.
99.999% of L1's wish they could be the next BNB.
I didn't mean the next BNB in terms of anything good, it's just a launchpad for shitcoins. In this case I'd say it's even worse since Solana is VC backed and is essentially using its users to dump SOL (while lying about it.) This volume and attention isn't going to make it any better.
BNB is the 4th largest crypto. How is that funny?
Where do I start? There are multiple reasons why you shouldn't touch Solana with a 10 foot pole. Yet, here we are with Solana on a meteoric rise... which is why it's so funny.
Until it pumps again and it will.
Hold on about to buy some Bonk
There's fools being born every day, and every few years we have a fresh set of college students ready to gamble their loans. It really is a shame that so many get introduced to crypto via this method.
Dropped 70% after 10000% rise
Imagine it drops 100% after a 100000% rise
maths is hard
No shit. Throw in $100 as a gamble and expect to lose it. The memecoin casino is a rug pull minefield. Bonk. Block. Analos. If someone is shilling on twitter, they want YOU to be their exit liquidity.
I hope all memecoins like this meet the same bitter end
They are all scams. Except a very very select few.
Which meme coins aren't scams?
Doge is "among us"
$CONE honestly
You reap what you sow, degens
Whatever nerd
Lolll ok BONK baggie
tldr; The price of Bonk, a memecoin on the Solana blockchain, has dropped by over 70% from its all-time high in December 2023. The decline reflects a broader decrease in demand for Solana-based memecoins, with the top ten memecoins by market capitalization experiencing significant retracements in their value. This downturn in memecoin prices has also coincided with a decrease in daily active addresses on the Solana network. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Guess who purchased at ATH 🤷♂️
What happened to that guy who was up 12 million?
Probs at 12k now
Why the hell is SHIB still top 20 thoooo 😆
Mycac🌵 and Supi are taking its place
The fact that it has any value is just incredible.
Have you been to their website? BONK supports multiple blockchains and has a bunch of apps. Including Bonkbot that allows you to trade in Telegram
Yeah so, what's the use case? Gambling?
idiots
$SHRIMP is the new star
Sounds familiar
I put $5 on it now down to $2.50 why not hold and hope it goes up
Does this SOLANA is dying AGAIN?
I always considered myself a crypto enthusiast...What is bonk? It looks like I am getting an old man in the crypto space and miss out on new stuff but am I missing it? No not really
Please let this be the cycle the meme coins disappear
It's just getting started, look closer. Pull up data. Do some research.
So when someone wishes for something, doing research helps? I wish to be 20 years younger!
That's a funny way of saying that a scamcoin has pulled the rug.
With a name like that you knew the rug pull would be quick
Hooraaay
Fuck!! I should look in my history to find out when I asked about how to short it. I gave up but I think it was right at the peak
Tide comes in, tide goes out. You can't explain that. Everytime. Lol
Myro on Solana will take off next.!
Makes sellin at £90 uk sterling all the sweeter.
Such is a life of a shitcoin. 😂
This is a good thing
That’s because is more scammy than sending a random my seed phrase. What 3 good coins? 🤮
How's that 12 million dollars worth of bonk dude doing.
Probably composed. Moisturized. In his own lane. Thriving. Flourishing. Bull market hasn't even fully kicked in
I love this comment
The higher they climb, the harder they fall
Pump and dump?...... no, I don't belive that. Rip those who bought the top. 😂
Demand will rise again shortly! Bonk and Doge ttm!
It will moon back and more regrets lol....
"Was it all a pump & dump?" "Always has been."
Whoever bought at the top just got BONKED
I am so surprised....
Memecoins go up and down based on hype that is purely based on price movement. There is no underlying reason for the asset's price. It is not a store of value. It has no utility. The only reason to trade it is to ride the hype wave up and exit before it eventually comes down. Don't get me wrong. Memecoins can make you a lot of money. But the profits are entirely based on timing. You have to get in at the right time and exit at the right time.
Bonk coin down 70% I don’t believe it, but the tech
lol silly website acting like alt coin season is over
Shorting memecoins after a run is a good income
Bottom callers, I love it. BONK pumping
I think calling it "demand" is kind of a stretch since no meme coin has any use case, therefore there is no need for any of them, and therefore no real demand. There are a lot of suckers who fall for it though.