If you follow crypto news, you might be aware about solana dog shitcoin called "BONK" is up 900% the past week . If you are thinking to invest in this coin, let me share an important fact regarding this coin. The top 20 holders 50% of the coin.
You can yourself check this here
https://solscan.io/token/DezXAZ8z7PnrnRJjz3wXBoRgixCa6xjnB7YaB1pPB263#holdersSo, it is obvious that they will eventually dump it. Those who are investing seeing the dramtic increase in prices will loose all their investment when it dumps.
It maybe a one of the meme coins of SOLANA, but compared to other meme coins this Bonk has been listed in more than 10 exchange here in the cryptocurrency, how is that anyway? And as far as I know, its price was already increased more than 2k+ percentage actually. It's pity that I missed the airdrops too, and its volume as well for me is not that bad at all anyhow.
Since that it was under by SOLANA, I can gamble at least 20$ to buy this bonk on Raydium anyway, then hold until
when the bullish season will come back in the market. Who knows that suddenly in the near future they will burn a billions of
their coins where it will push the rice get high.