Ponke is a Solana-based monkey-themed memecoin that was launched on the 24th of December, 2023, and is currently listed on several CEXs and DEXs. The memecoin was inspired by a yellow monkey, often portrayed as an angry monkey. [1][2]
Overview
Ponke is a community-driven memecoin operating on the Solanablockchain. Established with the aim of simplifying the onboarding process for newcomers to the world of digital currency, particularly within the Solana ecosystem. Ponke’s listing on major cryptocurrency exchanges has made it more accessible to a broader audience. The project also encourages user engagement through features like the "helmet" tool for community members and active social media channels.[3][4]
PONKE is a degenerate gambler with anger issues on the Solana network.[1]
$PONKE memecoin, launched on Christmas Eve in 2023. It reached a $30 million market cap and $45 million in trading volume, with 10,000 holders within the first 24 hours.[5]
On December 29, 2023, HTX, one of the largest exchanges in Asia, announced the listing of $PONKE on its platform, making the token available for trading to over 46 million registered users. This increased Ponke's visibility in the crypto space. Shortly after, on January 16, 2024, Ponke announced its partnership with Gotbit Hedge Fund. The following day, Bitget, a crypto trading platform, listed $PONKE in its "Innovation" and "Meme Zone", offering an active trading pair, PONKE/USDT. This was followed by another listing on March 14, 2024, when Gate.io, another crypto trading platform, made $PONKE available on its Spot trading platform with the PONKE/USDT trading pair.
Additionally, Ponke has collaborated with some crypto influencers, including Davinci Jeremie, who is known for his early call on Bitcoin at $1, as well as Eunice D Wong, JAKE, Crypto Rover, Jackson Hunter, MANDO CT, Jakey, Kyle Chassé, Crypto Banter, 𝔭𝖗𝖎𝖓𝖙, Clarissa Yorke, Rodney, Steki.eth and a few others. [14][15][16][17][6][12][13][7]
Ponke Ecosystem
The Ponke ecosystem consists of The validator and Memetrend, each fulfilling distinct roles to enhance the overall functionality and utility of the Ponke token.
Memetrend
Memetrend stands as one of Ponke's key utilities. Memetrend is a trading bot that allows traders to quickly trade their tokens of choice on Solana. It is a trading bot similar to Bonkbot except it offers more options than Bonkbot, enabling memecoins to pay a fee to utilize its services by being traded. [19]
A key feature of Memetrendbot is its revenue-sharing model, where 25% of all platform earnings are used to buy back and burn Ponke tokens. This strategic move enhances the scarcity and value of Ponke tokens, benefiting token holders. Memetrendbot offers a comprehensive range of services, including Dollar Cost Averaging (DCA), memecoin trending, Telegram (TG) trends and other features.[20]
The Validator
A validator is an individual or a group responsible for running software that stores data, verifies transactions, and adds new blocks in a proof-of-stake (PoS)blockchain. Validators are replaced by miners in a proof-of-work (PoW)blockchain. A Solana validator is a crucial component of the network responsible for verifying transactions and generating new blocks. Validators also participate in the consensus process to maintain Blockchain security, functionality, and decentralization. By contributing, users can earn rewards. [21][22]
Tokenomics
$PONKE has a total Supply of 555,555,555 tokens adhering to the SPL-20 token type., which follows a 100% fair launch policy, emphasizing an equitable distribution among its community members.[8]
$PONKE ownership structure is designed to prioritize decentralization. It includes full renouncement of ownership and zero creator and Token Update Authority balances. This approach sets $PONKE apart from other memecoins, addressing concerns about centralization and giving the community a role in defining its development.[10]
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Inclusion in the GMCI Memecoin Index
PONKE has been included in the GMCI Top 30 Index, a development that reflects its growing role in the cryptocurrency market. This inclusion illustrates PONKE’s position within the memecoin category and its presence in the competitive crypto space.
The GMCI Top 30 Index applies stringent selection criteria, assessing market capitalization, liquidity, and overall market impact. PONKE’s listing in this index places it among a range of other cryptocurrencies, emphasizing its market presence.
Additionally, PONKE is part of the GMCI Meme Index, which focuses on memecoins that are notable within crypto culture. This index serves as a reference point for those interested in the memecoin sector, highlighting assets that have gained attention within the industry.
PONKE’s listing in the GMCI Meme Index reflects its current market standing and the community’s involvement. The team behind PONKE continues to work on its development, aiming to expand its use cases and explore potential collaborations with web2 brands. PONKE is positioned as a gateway for new users on the Solana network, with efforts focused on transitioning web2 traders into the cryptocurrency domain. [24][25][26]
