The copy of prominent meme asset BONK has lost almost 100% of its value and caused concerns among certain layers of users who, for a second, thought that the original Solana-based BONK was the target of market manipulators or scammers. According to PeckShield Alert, the price of Polygon-based BONK cryptocurrency slipped by over 96%. What may seem to be relatively common liquidity issues turned out to be a scam discovery.
Unfortunately, there are still a lot of inexperienced users who fall for that trick. The only way to avoid it is exclusively using trading platforms and exchanges that have been listing on popular market aggregators like CoinMarketCap. At press time, PeckShield has not released any additional comments or alerts, clarifying their previous post. The original Solana-based token BONK trades in the usual range, losing 5.6% of its value in the last 24 hours.