Riding the Memecoin Wave: Strategies for Crypto Business Compliance
Memecoins are like the wild west of the crypto world—lots of potential but also a ton of risk. Take BONK, for example. It’s been a rollercoaster, and if you’re in the crypto business space, you need to know how to navigate these choppy waters.
BONK’s Journey: A Lesson in Crypto Business Compliance
BONK first dropped on Christmas Day 2022 and made a splash as a dog-themed memecoin on the Solana blockchain. Thanks to a community-driven airdrop, it quickly became popular, claiming to be “the first Solana dog coin for the people, by the people.” The hype was real, and many jumped on the bandwagon.
But let’s not kid ourselves; BONK has had its fair share of bumps. After soaring to the moon, it has now plummeted around 83% from…
