Dogecoin Millionaire: How One Investor Turned $180 Into $1 Million
Dec 29, 2023
BONK, a dog-themed memecoin, has surged in value this month. Its BONKbot trading bot, responsible for over 70% of decentralised exchange (DEX) bot volume, has generated $4.8 million in fees. Despite the coin's fun origins, BONKbot's performance suggests ambitious plans. While BONK's price has risen by 227% in the past month, it experienced a 25% dip recently. BONKbot's popularity is driven by BONKmas rewards, where users deposit SOL tokens. BONKbot's technology isn't groundbreaking, but it integrates with established platforms, providing an auto-buy feature and partnering with Jito Labs for maximal extractable value (MEV) protection.
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