Bonk Inu to Mint NFTs on Solana-Based Marketplace Magic Eden. But There’s a Catch

Bonk, a Shiba Inu-themed token issued on Dec. 25, returned as much as 3,220% to traders in the past week before profit-taking saw prices fall nearly 70% from lifetime peaks. The token was airdropped to Solana NFT (non-fungible token) communities and creators, which led to quick hype and trading volumes for the Bonk project.