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Nov 24

Identifying Cult-Like Memes on Solana: $BONK - A Case Study

$BONK’s story highlights how memes can reshape entire ecosystems. Born amid Solana’s late-2022 turmoil following the FTX-Alameda fallout, $BONK wasn’t just a meme; it became a rallying point. With Alameda liquidating $1.1B in SOL, prices plummeted, investor confidence wavered, and liquidity dried up—prompting some NFT projects to exit. Launched on Christmas Day 2022, BONK's strategic airdrop to creators and developers reinvigorated Solana’s community and restored liquidity. Nearly two ye...

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telling Solana blockchain stories with SQL

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