In a surprising turn of events, Solana developers who received a Christmas airdrop of BONK tokens last year are now sitting on a fortune, as the meme coin’s value has skyrocketed from $300 to an impressive $500,000.
BONK Token Soars 821% in 30 Days
While meme coins often face skepticism from pragmatic investors, BONK has defied expectations, surging 821% over the last 30 days, consistently reaching new all-time highs and surpassing a $1 billion market cap. The coin’s current price of $0.00002006 may seem modest, but for developers who received millions or billions of free BONK last Christmas, the windfall has proven substantial.
Airdrop Holiday Gift Turns Into Crypto Riches
Last Christmas, Solana developers in LamportDAO were pleasantly surprised when they found 25 billion BONK tokens in their wallets, valued at $300 at the time. The value more than doubled by the end of the day, setting the stage for an unforeseen surge in the meme coin’s value.
LFG
pls direct all thanks and love to @bonk_inu! pic.twitter.com/5mfAwj2zkK
— mert | helius.dev (d/acc) (@0xMert_) December 25, 2022
Introduced during a challenging period for Solana, BONK helped uplift the community as SOL faced a dip to $8 from a November 2021 peak of nearly $260. The coin, distributed widely among Solana participants, including DeFi traders, NFT collectors, and artists, injected positive energy into the ecosystem. LamportDAO developers collectively received 5% of the total token supply.
From Holiday Thanks to Generational Wealth
Initially expressing gratitude for the unexpected gift, developers like zkTuring acknowledged its impact, stating, “Wow, thank you so much fren! $800 is two months of rent for me.” However, those who held onto their BONK tokens are now witnessing a substantial increase in their value, with each of the 25 billion tokens valued at over $500,000 at the current price.
well well well
what is the probability that even a single dev held this until now https://t.co/dpdCgehAwt
— mert | helius.dev (d/acc) (@0xMert_) December 13, 2023
Unexpected Windfall for Solana Developers
Mert Mumtaz, co-founder and CEO of Helius and founder of LamportDAO, revealed that approximately 173 developers received a similar-sized airdrop last Christmas. The surge in BONK’s value serves as a surprising and significant turn of fortune for those who weathered a challenging crypto winter, providing them with unexpected resources to continue their endeavors in the crypto space.
