The month of April 2024 proved to be an eventful period for Solana meme coins, as their fortunes swung wildly. While certain projects experienced an astronomical surge in value, others faded away, prompting investors to ponder the actual prospects of the meme coin frenzy. An unusual and deceitful scheme emerged on the Solana blockchain on April 29, when a meme coin named Bonk Killer (BONKKILLER) momentarily ascended to become the most valuable coin in the world with a staggering market capitalization of $328 trillion. However, this seemingly absurd amount was merely the outcome of a malevolent ploy devised to pilfer funds from unsuspecting investors.
