Bonk (BONK) Review



Click to see screenshots
Bonk is a meme coin on the Solana blockchain that was launched in late December 2022. 100 trillion Bonk coins were minted with 50% being airdropped to the Solana ecosystem, including creators, developers, and NFT holders. The Solana ecosystem has accommodated steady adoption of the BONK token, with several projects integrating the token for payments of listed NFTs and as a burn mechanism for NFT-based events. The token's growing utility is causing a huge buzz, with its price soaring high alongside SOL's value.
BONK (-8.96%)
$0.000000984587
January 25, 2023, 10:59 am [UTC]

No rating available for new coins
Released on December 30, 2017, 10:00 am
New Coin/Token Warning!
This is a new coin/token that has recently been released by its creators. Therefore there is often only very little information known about the founders and they have no history showing their intentions, which could be both good or bad. The risks related to buying this is extremely high. We never give any recommendations or advise on what you should buy or sell. All information on this page should be considered for education and informational purposes only. Never risk any money that you can not afford to loose. Speculating in crypto currencies is related to extremely high risks and is not suitable for everyone.

Visitor Consensus on Bonk Today
Positive: 53.13%Negative: 46.87%
What's your view on Bonk today?
 
›› Buy/Sell Bonk here

 

Bonk is a meme token, and the first Solana dog coin, and was launched in late December 2022. News on the meme coin's significant airdrop resulted in interest in its ecosystem. The Bonk coin involves a 50% airdrop of the total coin supply with its allocation distributed as follows. 20% directs to Solana-based NFT collections, 15% to early traders on OpenBook, 10% to artists and collectors, and 5% to Solana developers. The amusing dog token rose 2,220% in a week with a day rise of over 150% that has seen it trading over $20 million in volume in decentralized exchanges. It became the most traded token on Orca, surpassing SOL's trading volumes.

 

A Bit About Bonk

The token's contributors started the token in opposition to the Alameda tokenomics to stand for a fun meme coin where everyone gets a fair shot. Details regarding its founders are not yet available to the public. The token's primary vision is to provide back liquidity to Solana's decentralized exchanges fueled by a considerable airdrop sparking interest in the ecosystem. The token has posted 10x gains and surpassed a $50 million market cap in about a week since its launch. It is thriving as Solana's first dog coin 'for the people, by the people' - with 50% of the initial token supply airdropped to Solana's NFT collections, developers, artists and creators, and early OpenBook traders. The Bonk token is available for trade in various crypto exchanges, including Bybit, BingX, Bitrue, DigiFinex, and BitMart.

The super-fast growing meme coin running on the Solana blockchainCryptoLists.com
 

Its objective is to bring back liquidity to Solana's decentralized exchange with an incredible 50% airdrop of its initial supply. Liquidity pools on Solana's DEX, such as Orca, have generated $20 million in trading volume from Bonk's trading pairs and effectively providing thousands of dollars for liquidity providers as transaction fees. The token is also being integrated into various Solana projects to increase its utility.

 

Utility of Bonk?

Bonk's team has partnered with various players to integrate the token into the Solana ecosystem. Users of the meme token can bet with the coin on BoiBook for Sportsbooks and gaming. There is a partnership with Dexlab and the famous fox federation Token market for users to trade, buy, and sell Bonk. Helio is also providing Bonk's initial funding tool for its users. Traders can also send the token over Twitter via HeyWallet or borrow and lend the token via Solend.

Streamflow provides Bonk payment streaming. Users can also provide liquidity for Bonk via decentralized exchanges such as Orca and Raydium. There are top crypto exchanges available for trading the Bonk token.

Bonk Price details

SOL Contract address: DezXAZ8z7PnrnRJjz3wXBoRgixCa6xjnB7YaB1pPB263
›› Details & Tokenomics



Very speculative and theoretical potential data
Last updated: January 25, 2023, 10:59 am
›› BONK tokenomics and social media
 

Advantages of Bonk

+ Bonk has had exponential growth despite being a new coin.
+ Available as part of an airdrop and hence distributed for free.
+ Liquidity providers earn the token as transaction fees on DEX.
+ It has been integrated into some of Solana's established projects.
+ The token is listed in some crypto exchanges and available for trade.
 

Disadvantages

- Meme coins can be susceptible to increased volatility.
- Faces strong competition from projects like SHIB and DOGE.
- BONK is a relatively new coin with little information regarding its whitepaper.
- It is available in few crypto exchanges for trading.
- There is no information available regarding the founders of the BONK token.
 

Costs

▪ Rated at 8.8/10

The token is relatively new with little information on transaction cost details. Its increasing utility in the Solana ecosystem is guaranteed to incur low fees. Its airdrop distribution to users is free of charge as the token increases its popularity. Users may, however, incur various charges on different crypto exchanges while trading.

 

Reputation and Buzz

▪ Reputation rated at 7.5/10
▪ Buzz rated at 9.6/10

The meme token has caused a buzz with various players benefiting from the large-scale airdrop. Various Solana projects are integrating the token in building and developing to grow its use case, while causing a significant surge in BONK's and SOL's prices. Its burning mechanism has seen it burn over 500 billion tokens to keep its demand and price rising.

However, crypto enthusiasts are skeptical of the meme coin's surge. They doubt whether it will maintain its bullish run with investors expected to take in their profits soon due to its rare occurrence in a bear market. Crypto exchanges are also wary of meme coins due to their increased volatility and short-lived surges. Despite this, it has been listed in some crypto exchanges.

 

FAQ

Where can you buy BONK?

The meme coin is available in various crypto exchanges, including some that we have listed at the bottom of the page.

When was the BONK token issued?

The token was issued on 30th December 2022.

How many Bonk tokens have been burnt?

It has burnt over 500 billion tokens as per their official Twitter Page.

How many Bonk token holders are there?

The Official Twitter page recently announced that the token has attained over 100,000 Bonk holders with an expected surge to continue.

 

History of Bonk

December 2022 - Bonk is issued with a 50% airdrop of its initial total supply.

January 2023 - The token announces 100,000 token holders.

January 2023 - BONK is integrated into Wagmi.bio

This token is very new, so Crypto Lists will update the history further as more milestone events take place.

›› Trade Bonk here›› Buy/Sell Bonk here

Screenshots from Bonk

Click for larger image
 

More sites where to buy/sell/trade Bonk

Below you can see some other platforms, exchanges and/or brokers where you can buy, sell or trade this token. Click on the logo to read our review.
BONK/USDT
BONK/USDT
 

Bonk details and tokenomics

Bonk Ticker: BONK
SOL Contract address: DezXAZ8z7PnrnRJjz3wXBoRgixCa6xjnB7YaB1pPB263
Type of crypto: solana-token
Resources & Social media
Telegram: -
🔗Blockchain URL: https://solana.fm
 

Other tokens or coins to check out

Since you are interested in Bonk, you may also want to check out the coin(s) or token(s) below?
Bonk Newsflash
    Shiba Inu second meme coin to have magic month after Bonk?Shiba Inu second meme coin to have magic month after Bonk?
    Sunday, 8 Jan 2023 2:01 pm
    After Bonk (BONK) stormed the charts after its release at the end of December, perhaps a little meme magic rubbed off on other coins in the same amusing space after another dog-theme coin had success of its own. After Bonk helped its Solana ecosystem push back into the top ten, meme giant Shiba Inu (SHIB) is exciting online analysts who think the coin might break out into a mini bull run since they feel its main capitulation occurred in 2022. Let's wait and see!...
    Read the full newsflash


    Bonk bullish in first major hit of 2023 for SolanaBonk bullish in first major hit of 2023 for Solana
    Saturday, 7 Jan 2023 10:01 am
    The BONK meme token that runs on the Solana Network has become the first big hit of the 2023 crypto market. The dog-themed token - perhaps taking inspiration from other major meme coins like Dogecoin and Shiba Inu - has become a hit after huge social media buzz. And its success has helped Solana's native SOL to rise this week in a continued run of good fortune after Vitalik Buterin praised the network last Friday...
    Read the full newsflash

Recent crypto sites
Recent crypto coins
CryptoLists.com
Copyright © 2019-2022, by Crypto Lists Ltd (CryptoLists.com). Company name: Crypto Lists Limited. Address: 5 Upper Montagu Street, LONDON W1H 2AG, England.
Jump to top