Ponke (PONKE): The Angry Monkey Scaling New Heights on Solana
In recent times, the Solana (SOL) blockchain has become the hotspot for meme coins, with projects like Dogwifhat (WIF), cat in a dogs world (MEW) and Bonk (BONK) taking the market — or at least the meme coin niche of it — by storm. Sticking to the tradition of using animal-themed meme coins, another hyped meme crypto, Ponke (PONKE), was launched on Solana back in December 2023. Its popularity surged in early 2024 as crypto influencers started endorsing the token.
What is Ponke crypto, and why is it growing so popular in the crypto community? In this article, we’ll examine this new Solana-based star of the meme coin market.
Key Takeaways:
Ponke (PONKE) is a meme coin on Solana that’s themed around a monkey who’s a self-confessed "degenerate gambler with anger issues."
The PONKE token has been on a half-year general uptrend since its launch in December 2023, and has recently reached the top 10 of Solana-based meme coins by market capitalization. In mid-May, PONKE's price soared by almost 200% to a new all-time high.
PONKE can be bought on Bybit as a Spot pair (PONKE/USDT) in the Adventure Zone.
What Is Ponke (PONKE)?
Ponke (PONKE) is a Solana-based meme coin themed around the image of a monkey, described by the token issuer as a "degenerate gambler with anger issues." Ponke was launched in late December 2023, continuing the tradition of highly hyped Solana meme coins. Like most meme coins, Ponke doesn't have a functional utility other than being amusing and a lot of fun.
Although it's a meme coin, Ponke is widely available on numerous exchanges across the crypto world, thanks to its wide online promotion and the project team's proactive work aimed at achieving token listings on centralized (CEX) and decentralized (DEX) exchanges.
Besides buying the token, crypto enthusiasts can support the Ponke project by donning a virtual helmet. On the Ponke website, you can use the Helmet Tool to overlay an image of the Ponke helmet on your picture or avatar and then use it as you see fit, e.g., on social media.
Ponke is a deflationary token, with a total and maximum supply of 555,555,555. Its current circulating supply stands at just under 500 million.
Ponke Community and Hype
Launched at the tail end of 2023, the Ponke token has received endorsements from multiple crypto influencers, including Crypto Rover, Jake Gagain and legendary Bitcoin investor Davinci Jeremie. These endorsements have helped whip up solid hype around the token: it remains one of the very few meme coins that’s been on a long-term uptrend, albeit with short-term localized dips, for nearly half a year since its launch. Moreover, from mid-May PONKE's price soared even further, breaking records with an increase of almost 200% within one week.
As of May 23, 2024, PONKE’s price gains over the months have helped the token achieve a market cap of over $200 million, making it the 8th highest Solana-based meme coin based on market cap.
The token's enthusiastic user community, #PONKEARMY, has also been growing solidly, and this past month Ponke reported reaching 35,000 holders barely five months after its launch.
Where to Buy PONKE
You can trade PONKE as a Spot pair with USDT in Bybit's Adventure Zone, which allows traders with a penchant for risk to invest in early-stage, high-risk digital assets with potential for high returns. From May 10 to May 27, 2024, you can also participate in Bybit campaigns dedicated to the token for a chance to grab a share of the 1.5 million PONKE prize pool.
PONKE Crypto Price Prediction
As of May 23, 2024, PONKE's price stands at $0.41, which is roughly 14% lower than its all-time high of $0.476 achieved on May 20, 2024, and over 4,300% higher than its all-time low of $0.00928, registered on Jan 3, 2024.
Long-term forecasts for PONKE are generally bullish, with PricePrediction expecting it to average $0.969 in 2025 and rise to $5.78 in 2030, and DigitalCoinPrice estimating the token could exceed $1 by 2025 and hit $2.99 by 2030.
Closing Thoughts
The PONKE meme coin, supported by its enthusiastic community and online hype, continues from strength to strength. Many meme coins in the past experienced head-spinning rises before quickly plunging to nothingness. In contrast, PONKE has sustained its growth for nearly half a year since its operation, and has once again seen another recent round of rally — quite an achievement by the standards of the notoriously volatile meme coin market. What’s more, long-term forecasts for the token point to further growth.
At the same time, this is a classic meme coin, and investments in such assets always carry a hefty dose of risk. To put it more directly, investing in a meme coin is always a gamble. If high-risk investments and a bit of a gamble are up your alley, you might take a closer look at the PONKE token in Bybit's Adventure Zone.
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