### **BONK Cryptocurrency: The Meme Coin on Solana**
**BONK** is a meme-based cryptocurrency built on the **Solana (SOL)** blockchain. Inspired by Dogecoin and Shiba Inu, it features a Shiba Inu dog as its mascot and gained popularity as the "first Solana dog coin."
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### **Key Details About BONK**
- **Symbol:** BONK
- **Blockchain:** Solana (fast & low-fee transactions)
- **Total Supply:** 100 trillion (with a portion burned over time)
- **Use Cases:**
- Tipping and community rewards
- NFT integrations (e.g., "BONKmas" NFTs)
- Used in some Solana-based DeFi protocols
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### **Price & Market Performance (as of 2024)**
- **All-Time High (ATH):** ~$0.000034 (Jan 2024)
- **Market Cap:** Fluctuates between hundreds of millions to over $1B during hype cycles
- **Listings:** Available on major exchanges like **Binance, Coinbase, KuCoin, and Orca (Solana DEX)**
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### **Why Did BONK Become Popular?**
1. **Solana Ecosystem Boost** – Gained traction as Solana recovered from the FTX crash.
2. **Viral Meme Appeal** – Like DOGE & SHIB, it thrived on social media hype.
3. **Community & Airdrops** – Early adopters received free BONK, fueling engagement.
4. **NFT & DeFi Use** – Used in gaming, NFTs, and as a liquidity incentive.
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### **Should You Invest?**
- **Pros:** High volatility = potential short-term gains; strong community.
- **Cons:** Highly speculative, depends on meme hype, and faces competition.
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### **Where to Buy BONK?**
- **CEX:** Binance, Bybit, KuCoin, Coinbase
- **DEX:** Raydium, Orca (Solana DEXs)
- **Wallet:** Phantom, Solflare
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### **Future Outlook**
BONK’s success depends on:
✔ Continued Solana growth
✔ Meme coin hype cycles
✔ Real utility beyond speculation