In the ever-evolving world of meme coins on Solana, Bonke DAO is making waves with a fresh proposal that's got the community buzzing. The DAO, focused on expanding the $BONK culture and decentralizing trade on the Solana blockchain, recently announced a plan to purchase around $76,000 worth of $BONK tokens using treasury funds.

The proposal, raised by contributor @bjoernbonk, suggests buying 364 SOL (Solana's native cryptocurrency) worth of $BONK. At current prices, that's equivalent to about $76,000. The goal? To showcase long-term support and conviction for Bonk Inu, the popular dog-themed meme token that's become a staple in the Solana ecosystem.

For those new to the scene, $BONK is a community-driven meme token on Solana, inspired by the Shiba Inu craze but with a Solana twist. It gained massive traction for its fun vibes, deflationary mechanics through token burns, and integrations across DeFi platforms. Bonke DAO, on the other hand, is a decentralized autonomous organization (DAO) built around the Solana Bonk Business NFT collection. Holding at least one Bonke DAO NFT grants voting rights, allowing members to shape the DAO's direction.

Voting is handled through Realms, the go-to platform for Solana DAOs. If you're an NFT holder, you can cast your vote now—links are available in the Bonke DAO Discord. The proposal emphasizes community involvement, urging holders to participate in this key decision.

This move comes at a time when meme coins are seeing renewed interest, with Solana's fast and low-cost transactions making it a hotspot for such projects. By investing treasury funds into $BONK, Bonke DAO isn't just talking the talk; they're walking the walk, potentially boosting $BONK's liquidity and signaling to the market that big players believe in its staying power.

Reactions on X (formerly Twitter) have been positive, with replies like "This proposals is BONKers!" from @realmsdaos and enthusiastic support from community members. It's a reminder of how DAOs empower collective decision-making in crypto.

If you're interested in joining the conversation or learning more, check out the original post here. For deeper dives into Bonke DAO, visit their website at bonke.io.

Stay tuned as the vote unfolds—could this be the start of even bigger things for $BONK and its ecosystem? #LetsBONK