Solana’s BONK is down 6% as crypto twitter confuses it with clone

Solana-based meme coin BONK is experiencing a fall in worth as blockchain safety agency PeckShield Alert warns towards a cloned token going by the identical moniker.

Earlier as we speak, main blockchain safety firm PeckShield Alert tweeted that the value of the BONK meme coin had plummeted by nearly 100%. The alert was supposed for holders of the BONK meme coin listed on the Solana blockchain.

Nonetheless, some crypto group members had been fast to level out that the BONK token addressed by the safety agency was separate from the unique meme token listed on Solana. Certainly, the transaction information offered by Peckshield was a part of the Polygon ecosystem.

Some members went on to say that they anticipate higher work from the corporate that asserts to be the “Business Main Blockchain Safety Firm.”

Since its inception practically a month in the past, the Solana-based canine meme coin Bonk (BONK) has had a bumpy journey. One week after launch, Bonk’s reputation skyrocketed by 4424% resulting from speedy adoption by the Solana group. The builders airdropped 50% of the general provide to the SOL blockchain group, sparking intense curiosity within the newly bred dog-themed cryptocurrency.

BONK is down 6% amid clone confusion

The Solana-based token captured the eye of mainstream crypto traders in a phenomenally quick time. Certainly, this turned out to be very useful for the severely bleeding SOL, whose inventory had dropped to single digits, and its market cap had fallen ten occasions for the reason that starting of 2022. Due to the rising public curiosity, some crypto exchanges, comparable to Huobi, have introduced that they are going to listing the meme coin.

However, the most recent confusion relating to the BONK clone had taken a success on the meme coin bringing down its worth by 6% quickly after the alert was issued. On the time of writing, BONK was buying and selling at $0.0000012 per coin, in keeping with information from CoinMarketCap.

Supply: CoinMarketCap Observe Us on Google Information

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