Next Steps for the Sensational Bonk Token
Many investors are expecting the Bonk token to do more than increase by 2% at the moment. Within the period when Bonk was the media's favorite token, many had seen it as another pump-and-dump token. This claim is proving to be true.
From the time the token was launched till now, its price is gradually decreasing; Bonk became the center of the brisk bull market of 2023. It was even credited as the driving force behind the revitalization of the Solana blockchain.
However, the hype behind the token is falling off as the day goes by. Many have pointed out their claims that the Bonk token is another meme coin with no utility. It wasn't as if the Bonk token didn't have its plans: its developers had initially planned to make the token displace other meme coins such as Dogecoin and Shiba Inu.
Those behind the project have to create a more defined utility in its ecosystem if they want Bonk's price and market value to increase.
