Shiba Inu-Themed BONK Tokens Are Yielding Nearly 1,000% for Solana Liquidity Providers

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Shiba Inu-Themed BONK Tokens Are Yielding Nearly 1,000% for Solana Liquidity Providers
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The metrics make bonk_inu the most traded token on Orca_so, a popular Solana DEX, with trading volumes higher than even solana tokens. By shauryamalwa

A flat market and ongoing contagion risks aren’t deterring crypto traders from finding the next major narrative to generate returns, and a memecoin is at the center of that in the Solana ecosystem.

Early investors aren’t the only ones gaining, however. Liquidity pools on Solana-based decentralized exchanges such as Orca have attracted over $20 million in volume for trading pairs involving BONK – cumulatively netting thousands of dollars in fees for liquidity providers.

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