All coins

Bonk

BONK
MemeLaunched 2022
Max Supply
93.5T
Circulating
88.0T
Launched
2022
Minute-Level Data From
2024-01-12

What it does

BONK is the leading Solana meme coin, launched as a fair airdrop to the Solana community in December 2022. It was distributed to NFT holders, DeFi users, developers, and artists as a community-first token with no VC presale. BONK has become deeply integrated into the Solana ecosystem, used for payments, tips, gaming, and DeFi across hundreds of Solana projects.

How it works

BONK is a SPL token (Solana's equivalent of ERC-20) on the Solana blockchain. 50% of the initial supply was distributed via airdrop to the Solana community in December 2022, making it one of the largest crypto airdrops at the time. The project has no team tokens β€” all supply was distributed publicly. BONK has a burn mechanism where tokens are permanently destroyed to reduce supply over time. It is integrated as a payment token across Solana DEXs, wallets (Phantom), games, and tipping platforms. Cross-chain bridges allow BONK to be used on other blockchains as well.

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Problem it solves

BONK addressed the lack of a community-owned Solana meme coin at a time when FTX's collapse had severely damaged Solana's reputation. The project served as a morale boost for the Solana ecosystem and demonstrated that a token could achieve mainstream recognition through fair distribution and community ownership rather than VC backing or concentrated allocation.

Key Differentiator

Launched as a fair airdrop to the Solana community with zero VC allocation during the Solana ecosystem's lowest point post-FTX, making BONK the most community-distributed token in Solana history and the primary meme coin of the Solana ecosystem.

Tokenomics

Supply Model
Fixed cap with deflationary burns (~88T in circulation out of ~93.5T max)
Staking
Various third-party staking pools and DeFi protocols offer BONK yield
Burn Mechanism
Community-driven burns; BonkBurn portal allows BONK holders to burn tokens; various partner protocols burn BONK from activity
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Ecosystem

Chain: Solana (SPL token)
Depends on: Solana ecosystem health, meme coin market sentiment, BONK burn rate, integration adoption across Solana dApps
Influences: Solana meme coin market, dog-themed token sentiment broadly, Solana DeFi activity metrics

Similar Projects

Sources

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Supply figures and project details are approximate and may not reflect the latest changes. Always verify from official sources before making decisions. This information is for educational purposes only β€” not financial advice.