BONK, the star meme coin on Solana, is currently experiencing a significant drawdown, causing a reversal in its previously impressive growth. However, the team behind BONK has devised a subtle plan to potentially revive the coin’s price trends. They have introduced a Santa fest, which includes various activities that users can participate in to be eligible for holiday season rewards.
These activities involve making purchases within Silicon Valley Bonk through an eligible wallet, depositing a minimum of 1 SOL in BONKbot using an eligible wallet, and engaging with BONK Swap through token swapping, DeFi routing, and DCA utilization. Additionally, users can download the BONK dApp on Solana’s mobile phone Saga and play games to claim free BONK through the Saga Genesis Pass.
The aim of these Santa activities and giveaways is to enhance the utility of BONK and create significant enthusiasm within the meme coin ecosystem. While BONK may not currently match the transaction count and burning activities of Shiba Inu (SHIB), such campaigns are crucial, particularly during bearish market conditions.
Despite its current correction mode, BONK has surprised its supporters throughout the year, assuring them of its potential for remarkable growth in the future. Despite recent sell-offs, BONK has still achieved a remarkable six-month growth rate of 6,414%.