Meme coins are one of the parts of the crypto ecosystem that I have no interest in. They are pure speculation. I’m fine if folks want to do that, but it’s not my thing. I’ve never owned any Dogecoin. A little over a year ago when BONK launched as a Solana version of Dogecoin I didn’t pay any attention. 🪙

I received alerts of incoming transfers of BONK tokens into my Solana wallet. It turns out as an owner of Famous Fox NFTs I received special airdrops of BONK tokens. A lot actually. I was annoyed by the clutter and without thinking much about it burned 394,305,096 Bonk tokens that were cluttering up my wallet. 🔥

Well, as it turns out BONK has traded actively. My nearly 400M burned tokens were worth as little as $70 at the 1-year low of $0.0000001763… and $10,000 at current price the current price of $0.00002536. 😳

I guess “easy come, easy go” as they say. On the bright side I don’t have to bother with the tax treatment of the air drop. 🤷‍♂️

Posting this on leap day means I’ll only revisit this mistake once every four years in my On This Day page.