Crypto Twitter of the Week: BONK WILL NEVER GIVE UP

After a week, BONK still holds the top spot.

But the dog-themed Solana meme coin has spent another week dominating feverish discourse on Crypto Twitter after showing no signs of stopping its weeks-long monster streak. The coin is said to have risen 796% in the past month. CoinGecko.

After rising again Best ever It surpassed its market cap this week. 1 billion dollars (Since yesterday, the coin’s market capitalization has already nearly doubled to $1.758 billion.) BONK is provided with the purchase of a Solana Saga smartphone. It’s worth more now than the price the phone is asking.

With BONK’s continued success now activating numerous other projects in the Solana ecosystem, Twitter users have doubled down on their fervent and stubborn support for the seemingly miraculous dog-themed token.

“It’s not just a meme anymore,” says Richard Wu, co-founder of Solana NFT marketplace. tensor, published on Friday. “This is religion.”

The Solana community has recorded several wins regarding BONK this week, illustrating the coin’s success with the latest episode demonstrating Solana’s superiority compared to other blockchains.

Other Solana users even praised BONK for “not only saving Solana” at this point. At FTX” and “sold out” Solana saga phones, among other exploits. They also claim (perhaps jokingly) that the raw power of its power has destroyed many competing layer 2 blockchains.

BONK is definitely strong these days. But probably not very powerful. On Friday, the Ethereum Scaling Blockchain Arbitrum will be held. It got dark After an extreme spike in network activity for more than an hour. As it turns out, Arbitrum was just the latest layer 2 blockchain to suffer in the hands of users experimenting with expensive technology. seemingly redundant And the inscription blocking the network.

Some blockchain developers have expressed frustration with the development and its ability to disrupt some of the cryptocurrency’s biggest blockchains, even Solana, which is on the rise.

Edited by Ryan Ozawa.