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 ?”.
not to make assumptions but it seems like his wallet funded another account thats been trading $BONK as well, so seems like he’s also familiar with Solana DeFi 🤷♂️
alt wallet: 2rHtaAFv92ohSzAYR5dZQnGF6MNVCS6GfE2PGoPXLb37 pic.twitter.com/cIqBB6Tgo1
– frisk (@0xFrisk) January 6, 2023
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.
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.
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.