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 detailsSOL Contract address: DezXAZ8z7PnrnRJjz3wXBoRgixCa6xjnB7YaB1pPB263
›› Details & Tokenomics
›› 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.
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.