$BONK What is BONK and what distinguishes it?

Origins and purpose: BONK is a memecoin launched in December 2022 on the Solana blockchain, with a dog theme (inspired by the "Shiba Inu" meme), created to revitalize the Solana community after the collapse of FTX. It was defined as "by the community, for the community" and distributed 50% of its total supply via airdrops to users, developers, and artists.

Tokenomics and scarcity: It has deflationary mechanisms; part of the transactions burn tokens, reducing the supply over time. Since its launch, significant burns have been executed: for example, a block of 5 trillion (5%) in January 2023, decreasing the circulating supply.

Developing ecosystem: BONK is integrated into multiple applications within Solana:

DeFi: BonkSwap, BonkDex (decentralized exchange, staking, lending)

Storage and payments: BonkVault, tools like BONKREWARDS, BONKBETS, MOONWALK, among others. Risks and perceptions in the community

Most versions warn that BONK is highly speculative and volatile — comparable to playing the lottery.

On Reddit, several users warn about the unequal distribution of tokens: “the top 20 holders own 50% of the supply... a dump could happen at any moment.”