Recently, $BONK has attracted significant attention in the Crypto Assets market. As an important player in the Solana ecosystem, $BONK has surpassed its mere meme coin positioning and is moving towards broader development.

$BONK has now become the core asset of the meme coin issuance platform Pump.fun, which occupies half of the market on Solana. It is worth noting that the platform allocates 50% of the trading fees for repurchasing and burning $BONK, a mechanism that is expected to provide long-term support for the token's value.

According to the data, the Pump platform's fee revenue last year reached an astonishing $700 million. Under the current mechanism, $BONK will receive half of that in the long term, which amounts to about $150 to $200 million annually for buybacks. This substantial influx of funds will undoubtedly have a positive impact on $BONK's market performance.

From a market capitalization perspective, $BONK still has considerable room for growth. Even when considering its value as a meme coin, its historical peak market cap was double what it is now. If we factor in the valuation of the Pump platform at around $4 billion, the reasonable market cap for $BONK could be close to $5 billion, while the current market cap is only about $2 billion.

Overall, the development prospects of $BONK are promising. It is not only a meme coin project but also closely linked to a rapidly growing platform. As the market further recognizes its value, $BONK is expected to create new highs in the future.

Of course, the crypto assets market is highly volatile, and investors should carefully consider risk factors and allocate their investment portfolios reasonably when making decisions.