[OC] New memecoin Bonk saw a 300% price return in the first 8 days, compared to 141 days for Shiba Inu and 1,253 days for Dogecoin for the same threshold. Bonk’s launch strategy, which involved airdropping 50% of its total supply to a wide base of Solana users, drove its price spike.Submitted by coingecko t3_109sgzg in dataisbeautiful
coingecko OP t1_j4057h6 wrote
Source: https://www.coingecko.com/research/publications/bonk-shiba-doge-growth
Methodology: This study examines the percentage price returns of Bonk (BONK), Dogecoin (DOGE) and Shiba Inu (SHIB) in USD, from January 1, 2021 to January 10, 2023, based on CoinGecko crypto price data.
Tools used: Figma, Google Sheet charts
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