I made 100,000 dollars with $BONK, holding it as Spot. This coin is not afraid of fall or trap, as long as this wave of market hasn't ended, there must be new highs!

The narrative of BONK is no longer just a meme! It is now a meme coin issuance platform that occupies half of the market share on SOL, and 50% of the transaction fees are used to buy back and destroy BONK!

Last year, pump collected 700 million USD in fees. Based on this estimate, BONK is currently at a 6/4 split with pump. Even if it’s a long-term 55/45 split, the expected fee revenue for the year is about 300-400 million USD, which means about 200 million USD will be used to repurchase BONK.

BONK was just a meme when its highest market cap was still double what it is now, so what about the valuation with the pump?

The pump is valued at 4 billion, so based on this, the reasonable valuation of BONK is meme 1.5 billion + issuance platform 3.5 billion = approximately 5 billion market value, and it is currently just at a 2 billion market value.

So in the medium to long term, I think the target for BONK should be around the historical high price.