The Solana-based meme currency BONK made early investors turn into millionaires in less than two years. The ongoing cryptocurrency rally is printing millionaires as an investment of $10,000 has turned into $4 million. Yes, Bitcoin’s rise to $68,000 this week has pushed altcoins and meme-coins to hit new monthly highs in March 2024. The cryptocurrency market experienced a massive inflow of funds after the SEC approved the Bitcoin ETF early this year.
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In this article, we will highlight how early investors of BONK meme currency made $1 million or more. The development shows how buying cryptocurrencies at the right time can turn the tables and make a fortune.
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BONK: Investment of $10,000 Turns $4 Million in March 2024
BONK cryptocurrency was launched in December 2022 and was trading at a modest price of $0.000000090414 back in the day. Hence, for an investment of $10,000, investors could accumulate a massive 110,602,340,345 BONK (110 billion tokens). The Solana-based cryptocurrency was trading with seven ‘zeroes’ during inception but deleted three ‘zeroes’ till March 2024.
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The BONK token is currently moving in the indices at the $0.00003651 level. This makes investors’ portfolios balloon to new numbers that cross $4 million and more. Holding 110 billion BONK tokens now which was purchased in December 2022 is worth $4 million today in March 2024.
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All these profits were achieved in just 15 months generating life-changing gains in a short period. Investors who took this route are now sitting on sacks of profits that are enough to last a lifetime. They could submit their resignation and just reinvest this sum and live off comfortably with bank interest.
Read here for a realistic price prediction on when BONK could reach the $0.01 mark. If that happens, multi-millionaires will be printed in the next bull run leading to a new batch of investors making life-changing gains.