Is the Polygon co-founder trading Solana’s BONK meme coin and participating in the hype?

Solana’s BONK meme token has been the subject of massive hype in recent days, even forcing crypto-currency exchanges to immediately list BONK. Polygon co-founder Sandeep Nailwal even indirectly traded BONK tokens and enjoyed the experience of Solana blockchain users, as reported by the Bonk Inu Twitter account.

Polygon co-founder Sandeep Nailwal traded BONK tokens

In a tweet from Jan. 7, Bonk Inu said the user experience on the Solana blockchain is so good that even Polygon co-founder Sandeep Nailwal has experienced using BONK tokens.

“It seems that Solana’s user experience is so good that Polygon’s co-founder can’t help but play with $BONK ?”.

He cited a tweet that claims the Polygon co-founder funded a wallet that traded BONK tokens. Therefore, he is also familiar with Solana DeFi.

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Blockchain data reveals that the alternative account has received over 300 million BONK tokens. The account actively trades BONK tokens.

The co-founder of Polygon earlier acknowledged that the Solana blockchain is unstable. Polygon even paid DeLabs $3 million to migrate its Solana-based NFT projects, DeGods and Y00ts, to migrated chains. These projects were the top 2 NFT collections on Solana, generating nearly 70% of the sales volume on Solana. This caused the price of SOL to drop below $10.

However, the hype around BONK saved Solana from collapse and pushed the price of SOL to over $14.50. The price of BONK also rose by more than 4000% in a week. Currently, several projects and Dapps are coming to the Solana blockchain, which can further increase the usefulness of Solana.

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Can Solana and BONK get back on track?

Solana and BONK continue to trend on Crypto Twitter and CoinMarketCap. Solana’s price is currently trading sideways after a 35% rally this week. SOL’s price is $13.17.

Meanwhile, BONK price has also witnessed profit taking after a 4000% rally this week. BONK price is currently trading at $0.000002047, down 2% in the last 24 hours.

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