• Name: Bonk
• Network: Solana
• Contract address: DezXAZ8z7PnrnRJjz3wXBoRgixCa6xjnB7YaB1pPB263
• Top 10 holders: 30.76%
Community action
• Discussion volume on Twitter: 33.7k
• Twitter followers: 430k
• Influence level: TREND
The Token Story
Context
Bonk (BONK) is a meme-based cryptocurrency launched on December 25, 2022, on the Solana blockchain. It was created to revive the Solana ecosystem after setbacks caused by events such as the FTX collapse. Dubbed the 'People's Cryptocurrency,' Bonk positions itself as Solana's answer to Dogecoin and Shiba Inu, leveraging strong airdrop campaigns, a humorous dog-themed brand, and strong community engagement. It quickly attracted attention as the first native meme coin of Solana, being adopted in various DeFi protocols, NFT markets, and payment applications on Solana. Despite being a meme coin, Bonk aims to add some utility and ecosystem development, including the launch of platforms like bonk.fun to create new meme coins and support Solana validators through token burning.
Major news and events
• Achieved a market capitalization exceeding $1.7 billion by 2025, temporarily topping the Solana meme coin market.
• Experienced significant price increases, including a 60% rise at the end of April 2025 and a 30% increase driven by community activity, social media buzz, and ecosystem integration.
• A substantial increase in open futures contracts indicates rising interest from traders and optimistic sentiment.
• The launch of bonk.fun enables users to create meme coins while supporting network enhancement.
• Expanded across multiple blockchains and grown to over 911 thousand holders, compared to Shiba Inu but with more ecosystem utility.
• Still a notable player in the meme coin landscape of 2025 amid fluctuating market trends.
Important Person/Organization
• Community-driven development and growth with collaboration from Solana ecosystem projects like Raydium Protocol.
• Active participants on social media and meme creators play a crucial role.
• Ecosystem initiatives like bonk.fun are built in collaboration with key Solana DeFi players, emphasizing decentralization and a community-first approach.
🚀Summary
• The story of Bonk transcends the ordinary by closely tying into the Solana ecosystem, transforming a heartfelt revival story post-FTX into a vibrant and decentralized meme coin movement. The 50% airdrop strategy ensures widespread distribution among developers, NFT artists, and users—laying a solid foundation for development beyond pure hype. Integration with over 100 applications, gaming rewards, and the bonk.fun launchpad adds real utility layers, enhancing stickiness in the meme coin space. The doge-themed brand harnesses recognizable, playful energy that drives social media sharing, while the founder-less, community-run approach aligns with cryptocurrency ideals. Minor limitations arise from dependence on broader cryptocurrency growth trends and the health of the Solana ecosystem, but overall, it represents an appealing blend of meme culture and tangible use cases.