Polygon co-founder Sandeep Nailwal is believed to be trading its rival Solana’s first dog meme coin BONK amid massive hype.
Solana’s meme token BONK witnessed massive hype in the last few days, which even forced crypto exchanges to immediately list BONK. Polygon co-founder Sandeep Nailwal even indirectly traded BONK tokens and liked the user experience at the Solana blockchain, as per Bonk Inu’s Twitter handle. The BONK price soared 42% in the last 24 hours.
Polygon Co-founder Sandeep Nailwal Traded BONK Tokens
Bonk Inu in a tweet on January 7 claimed that user experience on the Solana blockchain is so good that even Polygon’s co-founder Sandeep Nailwal experienced using 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 wallet that’s been trading BONK tokens. Therefore, he is also familiar with Solana DeFi.
The blockchain data reveals the alternative account received over 300 million BONK tokens. The account is actively trading BONK tokens.
Polygon co-founder earlier agreed that the Solana chain is unstable. Polygon even paid $3 million to DeLabs to migrate its Solana-based NFT projects DeGods and Y00ts to migrate chains. The projects were the top 2 NFT collections on Solana, driving almost 70% sale volume on Solana. It caused the SOL price to plummet below $10.
However, the BONK hype saved Solana from collapsing and lifted the SOL price to over $14.50. The BONK price also rallied over 4000% in a week. Currently, several projects and Dapps are coming onto the Solana blockchain, which may further increase Solana’s utility.
Can Solana and BONK Rally Again?
Both Solana and BONK continue to trend on Crypto Twitter and CoinMarketCap. The Solana price is currently trading sideways after a 35% rally this week. The SOL price is $13.17.
Meanwhile, the BONK price also witnessed profit-taking after a 4000% rally this week. The BONK price is currently trading at $0.000002191, up over 40% in the last 24 hours.
Source : coingape