#39 / Meme assetsbonkPartially verified

Bonk

The meme token that helped revive Solana activity after 2022.

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Token

BONK

Sector

Solana meme asset

BONK market

CoinGecko data; may be delayed.

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Tokenomics

Market cap

$268.89M

Fully diluted valuation (FDV)

$269.27M

Circulating vs diluted1.00x

Circulating supply: 87994.31B
Total supply: 87994.31B
Max supply: 87995.28B

100.0% of the achievable supply is already circulating.

All-time high (ATH)

$0 -94.75% · Nov 19, 2024

Source: CoinGecko, snapshot of Oct 28, 2026. Figures may be delayed.

On-chain fundamentals

This asset is not mapped to a DefiLlama-tracked protocol or chain, or the provider reports no data for it. When a verified mapping exists, the table appears here.

Why it matters

Bonk launched at the end of 2022 with a large airdrop to the Solana community at a point when the ecosystem was under heavy pressure, and it is widely credited with helping restart on-chain activity and retail attention there. It remains a proxy for Solana retail sentiment and is deeply integrated across the ecosystem's consumer applications.

General research guidance, not analysis specific to this asset. Detail is pending.

Track the real organization or foundation behind the token, not just the ticker.

Separate token utility from price action before building a position.

Compare network usage, liquidity, incentives, and governance quality against nearby competitors.

How it works

BONK is Solana's dog memecoin, launched December 2022 when roughly half the supply was airdropped across the Solana community — NFT collections, active traders and builders. There is no protocol: the asset is the token contract, its liquidity and the ecosystem tools built around it (a swap, a Telegram trading bot, a launchpad) that route usage toward it.

Token utility

Speculative trading within the Solana ecosystem

Integration across Solana consumer and DeFi applications

Proxy for Solana retail activity

Value capture

Structurally none for the token itself: BONK has no fee switch, treasury claim or yield. Its economics are attention economics — ecosystem tools drive buy pressure and utility demand for BONK as a payment unit, which is real but discretionary and can stop overnight.

Supply and issuance

Total supply is fixed around 88.8 trillion; the launch airdrop distributed about half to the community rather than a VC round, which remains its main distribution story. Ongoing burns — from bot fees and campaigns — slowly reduce supply, at rates too small to be the core thesis.

Governance

BonkDAO exists and votes on ecosystem spending and tool support, but the token contract itself is immutable and the asset has no on-chain governance. It is a light governance layer over a memecoin, not a protocol DAO.

Key risks

Meme dynamics mean value depends on sustained attention
Highly correlated with Solana ecosystem sentiment
Very large supply keeps focus on burn and emission narratives

Frequently asked questions

What is BONK actually used for?

Payments within Solana ecosystem tools, pair liquidity, and community tipping — plus a fast-growing role as a base asset on launchpads. None of this grants claims on revenue; it is demand for the brand as a unit of account.

How is BONK different from other memecoins?

Mainly distribution and ecosystem integration: a community airdrop instead of heavy insider allocation, and real Solana tooling that routes volume through it. The fundamentals — no cash flows — are the same as any memecoin.

References

Last verified: 2026-07-22

BONK COIN
Bonk · bonkcoin.com · primary source
The project's official site, retrieved on the date shown, supporting how it describes itself. It does not establish supply, governance or issuance mechanics.
Accessed 2026-07-22