Is Polygon Co-Founder Trading Solana’s Meme Coin BONK?

Solana’s meme token BONK witnessed massive hype in the last few days, which even forced crypto exchanges to immediately list BONK. Polygon co-founder Sandeep Nailwal even indirectly traded BONK tokens and liked the user experience at the Solana blockchain, as per Bonk Inu’s Twitter handle. The BONK price soared 42% in the last 24 hours.

Polygon Co-founder Sandeep Nailwal Traded BONK Tokens

Bonk Inu in a tweet on January 7 claimed that user experience on the Solana blockchain is so good that even Polygon’s co-founder Sandeep Nailwal experienced using BONK tokens.

“It seems Solana’s user experience is so good the cofounder of Polygon can’t help but to play with $BONK?”

It cited a tweet that claims Polygon co-founder funded a wallet that’s been trading BONK tokens. Therefore, he is also familiar with Solana DeFi.

The blockchain data reveals the alternative account received over 300 million BONK tokens. The account is actively trading BONK tokens.

Polygon co-founder earlier agreed that the Solana chain is unstable. Polygon even paid $3 million to DeLabs to migrate its Solana-based NFT projects DeGods and Y00ts to migrate chains. The projects were the top 2 NFT collections on Solana, driving almost 70% sale volume on Solana. It caused the SOL price to plummet below $10.

However, the BONK hype saved Solana from collapsing and lifted the SOL price to over $14.50. The BONK price also rallied over 4000% in a week. Currently, several projects and Dapps are coming onto the Solana blockchain, which may further increase Solana’s utility.

Also Read: Developers Burned All 5 Trillion BONK, Upcoming Solana Price Rally?

Can Solana and BONK Rally Again?

Both Solana and BONK continue to trend on Crypto Twitter and CoinMarketCap. The Solana price is currently trading sideways after a 35% rally this week. The SOL price is $13.17.

Meanwhile, the BONK price also witnessed profit-taking after a 4000% rally this week. The BONK price is currently trading at $0.000002191, up over 40% in the last 24 hours.

Also Read: Shiba Inu’s Shibarium Beta Launch Almost Here, Says Official Portal

Varinder is a Technical Writer and Editor, Technology Enthusiast, and Analytical Thinker. Fascinated by Disruptive Technologies, he has shared his knowledge about Blockchain, Cryptocurrencies, Artificial Intelligence, and the Internet of Things. He has been associated with the blockchain and cryptocurrency industry for a substantial period and is currently covering all the latest updates and developments in the crypto industry.