#Bonk is a meme coin launched on Solana in December 2022 through an airdrop, with the goal of "putting liquidity back into Solana's DEXs".

Unlike many meme coins, Bonk aims to be more than just a speculative asset, seeking to integrate deeply into the Solana ecosystem. Its utility is growing and includes use for payments, NFTs, gaming, staking, and potentially governance. It benefits from Solana's fast and low-cost transactions.

It is not a "synthetic crypto" in the sense that it does not replicate the value of other assets, but is a digital asset created with evolving utility within a digital ecosystem. It is establishing itself as a project that actively contributes to the growth of Solana.