On the 23rd of December, 2023, the Bonk team took to Twitter to announce the distribution of an upcoming airdrop. The BONKmas airdrop will be used to celebrate its first anniversary.
However, on the 25th of December, the Bonk team faced some significant challenges. It was revealed via Twitter that attackers and fraudsters have gone to great lengths to sabotage the team’s efforts. As such, numerous fake links to claim the Christmas x Anniversary airdrop have been circulating on various social media channels.
The team also received complaints about the link provided via its official Twitter account. The link to claim the airdrop bears an embedded link that redirects users to a seemingly malicious version of MetaMask. Thus, Bonk holders have been warned to be cautious while claiming their drops.
Warning on Fake Links from Phishing Websites
A Silver Lining in the Cloud?
Despite the recent storm experienced in the Bonk ecosystem, the cloud still has a silver lining. Earlier today, the Bonk team revealed via Twitter that 85% of the BONKmas airdrop has been claimed. Thus, most “Bonkers” have successfully overcome the site access challenge.
The team also revealed that current holders could be up for greater rewards. Users who successfully claimed the airdrop may be eligible for a follow-up drop at the start of 2024. Claiming will continue until the 31st of December, 2023.
BONK’s Community Thrives Despite BONKmas Airdrop Setback
Bonk, which was officially launched a year ago, has experienced exponential growth in its community and its token’s price. Recently, the BONK token crossed the $1 billion mark in market capitalization. Bonk also boasts about 190 thousand followers on Twitter, with active supporters steadily creating content around the memecoin.
A few days ago, Bonk also reached a historic all-time high. The recent launch on the Binance exchange triggered its magnificent price surge. Its exposure to a new crypto exchange also increased trading volume for the Solana memecoin.
Interestingly, BONK leads famous memecoins like PEPE and FLOKI in the list of memecoins by market capitalization. Currently, Dogecoin and Shiba Inu are the only memecoins with a larger market cap than BONK.
The BONKmas Anniversary and the Unique Story of the Token
A year ago, the memecoin was created to revive liquidity in the Solana ecosystem. The Solana ecosystem seemed to be gone for good after facing several setbacks in 2022. The network had to be paused and resumed on several occasions, leading DeFi advocates to question its level of decentralization and reliability.
Further, the FTX crash led to a massive sell-off of Solana since Alameda and FTX held millions of SOL tokens in their reserves. FTX and Alameda tried to liquidate their asset holdings in SOL and FTM to save the company, but their plans crumbled.
This catastrophic event led to SOL’s price crashing by over 50% in November 2022 until BONK came to its rescue. The developers of the memecoin had one goal – to restore liquidity to the Solana ecosystem. This was achieved through the Bonk airdrop. The airdrop was distributed to major Solana NFT projects and developers. Since then, builders’ interest in the Solana ecosystem has been resuscitated, and Bonk itself has grown significantly in just one year.
