Creator behind Solana's legendary BONK token says meme trading is a 'seven-leg' parlay

Nom, a core contributor to Solana's BONK token, stated at Consensus Miami that trading memecoins is akin to placing a 'seven-leg' parlay due to their high risk and lack of long-term sustainability. He argued that many memecoin teams fail to navigate regulatory steps like exchange listings or ETF filings, leading to retail investors being 'rinsed.' Nom highlighted BONK's own journey through traditional finance rails, including its association with Nasdaq-listed Bonk Holdings (BNKK), a potential leveraged BONK ETF filing, and public treasury allocations. BONK itself was launched as an airdrop to provide a rallying point for Solana developers during a difficult period, and its ecosystem now includes a launchpad, trading bots, and a large user base. Nom suggested that future breakout communities might emerge from currently overlooked networks like TON and Telegram-based projects.

(Source：CoinDesk)