🚨JUST IN: Are memecoins showing signs of life again? @Solana memecoin launchpad volume just hit a three-month high, with daily volume, tokens launched, and daily token graduations all at their highest levels in three months.
bonk just became the only shitter tradeable through swiss pension funds via six exchange etp. $1.5 trillion flows through that exchange annually. wif, popcat, pepe can't replicate this for 12-18 months minimum due to listing requirements. first dog coin in traditional finance portfolios at $1.04b market cap
LATEST: 🚀 BONK has launched as a regulated ETP on Switzerland's SIX Swiss Exchange, bringing the community-driven token to one of Europe's largest stock markets for institutional and retail investors.
$gp just ran 70% after wlfi announced adding $spsc to their meme reserves. first of several catalysts that will inevitably spark a bonk fun season 2.
felt everyone needed the reminder that $gp own 38% of bonk fun revenue and is the LARGEST beneficiary in the ecosystem.
feels like a perfect storm brewing, 6 months of restructuring complete, chess pieces are moving, and NOBODY is paying attention.
bonk fun has been hammered into the ground, @SolportTom (verifiably one of the most relentless builders in crypto) + team have been cooking quietly with @worldlibertyfi backing + 20m treasury, yet price is still 15x below ath.
the more i dig into this, the larger the bull case grows.
some key developments:
+ 70% reduction in $gp emissions, shifting focus to revenue and buybacks (previous crutch for gp holders)
+ exclusive partnership with wlfi as the sole token distributor for usd1 ecosystem on solana
+ @GraphiteProto just announced their focus on strategic acquisitions to drive (yet again) more revenue & buybacks. dao vote currently live for gp to lead @AdrenaProtocol (solana perp dex)
+ @worldlibertyfi getting active on tl, already clipping 6 figs into bonk/usd1 memes. wlfi app in final testing phase, likely listing these same pairs.
+ 6 months worth of strategy and development about to deploy.
broader market tailwinds:
+ memes back in meta with rising ceilings
+ $pump sentiment relatively low
+ macro bottomed (?)
after the disrespect put on toms name, you really think after 6 months of building in silence he's not about to come back swinging?
these are the first major catalysts one after half a year of development and strategic partnerships. if you remember when @bonkfun had their time in the sun, they were easily the fastest paced and most communicative team in the entire space.
huge set up imo. confident bet on $gp being the most undervalued revenue/buy back plays right now.
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1/ BONK launched on Christmas Day 2022 when Solana was at its lowest point post-FTX.
The team dropped 50% of the 100T supply to a then struggling Solana community.
Since then, BONK has been layering utility on top of its meme brand.
Unlocked by @bonk_inu 🧵