{"id":24340,"date":"2025-04-29T13:18:36","date_gmt":"2025-04-29T13:18:36","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=24340"},"modified":"2025-04-29T13:18:36","modified_gmt":"2025-04-29T13:18:36","slug":"bonk-bets-gain-favor-as-new-token-issuance-platform-nets-800k-in-3-days","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=24340","title":{"rendered":"BONK Bets Gain Favor as New Token Issuance Platform Nets $800K in 3 Days"},"content":{"rendered":"<div>\n<p>The dog-themed bonk inu (BONK) token on Solana could be one to watch for in the coming weeks as a new token issuance platform uses part of its fees to buy the token, with nearly $1 million generated in the first three days after launch.<\/p>\n<p>Letsbonk.fun, built by members of the BONK community and Raydium, went live late Sunday as a Bonk-focused token issuance platform. A portion of fees will help secure and support the Solana network by using the BONKsol validator, per tweets, with over 10,000 tokens already issued.<\/p>\n<p>As of Tuesday, the biggest tokens on Letsbonk.fun are HOSICO ($30 million market cap) and LETSBONK ($5.3 million market cap).<\/p>\n<p>\u201cI expect the platform&#8217;s success to surprise many,\u201d well-followed X user theunipcs told CoinDesk in a Telegram message. The user is colloquially known as \u201cbonk guy\u201d for a viral trade that turned $16,000 into $20 million at peak on a BONK futures trade.<\/p>\n<p>\u201cLetsBONKfun takes a more innovative and simplified approach to memecoin launches, focusing on ensuring that users and the Solana blockchain\/ecosystem can capture a good portion of the value it creates,\u201d he added.<\/p>\n<p>\u201cPump.fun, has made over $600 million in fees since it launched a little over one year ago. Imagine what even a fraction of this would mean for BONK just in terms of sheer buy pressure,\u201d theunipcs said.<\/p>\n<p>BONK tokens are up 54% in the past week, data shows, with a bulk of that move coming after Letsbonk\u2019s launch on Sunday. <\/p>\n<p>Various BONK-tracked futures show a <a href=\"https:\/\/www.coinglass.com\/BitcoinOpenInterest\">spike in open interest<\/a> \u2014 or the number of unsettled futures bets \u2014 with the largest jumping from Saturday\u2019s $170 million to over $250 million as of Tuesday, showing a bump in expectations of further price volatility.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The dog-themed bonk inu (BONK) token on Solana could be one to watch for in the coming weeks as a new token issuance platform uses part of its fees to buy the token, with nearly $1 million generated in the first three days after launch. Letsbonk.fun, built by members of the BONK community and Raydium, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-24340","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/24340","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24340"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/24340\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24340"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24340"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24340"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}