Solana memecoin BONK is the new rave of crypto X, and in line with its growth, this article uncovers the total token units needed to make $1 million if it finally hits the 1 cent price mark.
Even though there is no guarantee that BONK can hit a $0.01 price valuation, investors continue to prepare for such expectations. BONK proponents are particularly confident that in the long run, the token can beat its older peers including Shiba Inu (SHIB) and PEPE to hit the landmark goal.
BONK Investment Needed for $1M Target
For BONK to soar to $0.01 from its current price of $0.00001807, it will have to grow by at least 55,240%. Massive as this appears, it is not an uncommon growth spike in the highly volatile crypto world.
At a $1 million valuation and $0.01 price target, a total of 100,000,000 BONK is needed. As a memecoin, BONK has a maximum supply of 100,000,000,000,000, meaning it can accommodate a million investors with a 100 million BONK holding.
At the current price level, acquiring the 100 million BONK unit will cost $1,807. Despite the massive uncertainty of hitting 1 dollar, investors who buy 100 million BONK now for $1,807 and ride the wave until $0.01 might have made one of the biggest gambles of the century.
BONK Outlook Shows Future Promises
BONK made its emergence by appealing to an already established ecosystem, Solana. While it emerged earlier in the year when Solana itself was reeling in the aftermath of the FTX implosion and extended crypto winter, the meme coin has seen dramatic growth to ride a similar wave as SOL.
BONK currently has huge hype among Solana loyalists. This bullish sentiment pushed many to aggressively clear off Solana Mobile Phone inventory for a chance to land BONK and other SOL-based token airdrops.
With the future being charted as the focus on utility grows, BONK might just be getting started with its more than 8,000% surge in the past three months.