BONK saw over $140 million of its diluted market cap wiped over the last six hours — equating to losing roughly 35% of its total diluted market cap — according to Coinmarketcap data.
A link to the project’s Whitepaper — dubbed the BONKpaper — was added to the website, highlighting the goal behind the token’s team.
However, the BONKpaper does not include the key aspects normally expected in a Whitepaper such as tokenomics, team members involved and other fundamentals behind the project.
Recording over 380% gains since the start of the year, BONK is poised as the Dogecoin’s rival and “the first Solana dog Coin for the people and by the people.”
BONK price as of press time was $0.000002259 — down 51% from it’s all-time high of $0.000004922 reached Jan. 5.