Unlike Shiba Inu which is minted on the Ethereum blockchain, Bonk itself is minted on the Solana blockchain. So, it's no surprise that people are calling it Solana meme coin .
Many meme coins try to become the next Dogecoin or Shiba Inu but still fail.
For example, in 2022 there was Tamadoge which was able to attract the attention of investors as the next Dogecoin. So, it's quite surprising that Bonk does what other coins don't.
So, it is not surprising that there are parties who do not recommend Bonk which is considered speculative for most retail investors, quoted from Fool.
If Bonk builds more utility and provides a long-term plan that is more than just a marketing event, then the religion is viewed with skepticism.
However, Bonk can help draw attention to interesting projects, creators, and developers within the Solana community and this helps add to the fortunes of Solana itself.
So, it is necessary to see how Solana plans during 2023 as a form of restoring investor confidence that was burned last year.
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