Trending 
Trending
Copied ₹0.0002828
₹ 0.0002828
Market Cap
₹ 23.25 B 3.4297%
Circulating Supply
87994500000000
Max Supply
87995282867001
Volume
₹ 3.1 B
All Time High :
₹ 0.0049
All Time Low :
₹ 0
Price change in 24H :
₹ -0.000145
24H High :
₹ 0.0003
24H Low :
₹ 0.0003
BONK is a dog-themed community memecoin on Solana, launched on Christmas Day 2022 with 50% of its supply airdropped free to Solana NFT collectors, developers and artists. Created anonymously to revive the Solana ecosystem after the FTX collapse, it grew into an ecosystem token with 400+ integrations and spawned LetsBonk.fun, a memecoin launchpad that briefly overtook Pump.fun in 2025. 2026 has been brutal: a March domain hijack, a $20 million BonkDAO governance attack on 6 July, and a subsequent Upbit delisting effective 7 September. BONK trades near $0.0000030 with a market cap around $234 million, roughly 95% below its November 2024 all-time high.
BONK is a memecoin, and the origin story is the most important thing about it.
In December 2022, the Solana ecosystem was in crisis. FTX and Alameda Research among Solana's largest backers and most visible advocates had collapsed. SOL had fallen to lows that raised genuine questions about whether the chain would survive. Liquidity had drained from Solana DEXs. Developers were leaving. The narrative was that Solana was an FTX project and would die with it.
On 25 December 2022, an anonymous group airdropped BONK to the Solana community. Fifty percent of total supply was given away free to NFT collectors, developers and artists no sale, no venture round, no team allocation to speak of.
The framing was explicit: "the first Solana dog coin for the people, by the people." Every other major chain had its dog Dogecoin, Shiba Inu on Ethereum and Solana would have one too, distributed to the people who had stayed.
It worked better than anyone expected. Trading opened on 30 December 2022, and SOL rose 34% in 48 hours. BONK became the unofficial mascot of Solana's 2023–2024 recovery.
This is the part worth understanding: BONK's cultural significance to Solana is genuine and is not manufactured marketing. It emerged at the ecosystem's lowest point, gave away most of its supply, and had no VC on the cap table. Whatever has happened since, the launch was one of the fairer distributions in crypto history.
Over time, BONK positioned itself less as a pure meme asset and more as Solana infrastructure:
400+ integrations across DeFi, gaming and NFT platforms on Solana
Availability across 10+ blockchain networks through bridges
BonkDAO governance, allowing holders to vote on ecosystem direction
A deflationary burn mechanism tied to protocol revenue
Listings on most major centralized exchanges
The community also maintains a long-standing commitment to burn 1 trillion BONK when holder count reaches 1 million a figure that stood near 950,000 earlier in 2026.
This evolution explains why analysts increasingly describe BONK as a liquidity gauge for Solana rather than a standalone speculation. When Solana DEX activity rises, BONK tends to rise with it.
LetsBonk.fun launched in April 2025 as a joint project with Raydium, and it is the most commercially significant thing the BONK ecosystem has built.
It is a Solana memecoin launchpad, a direct competitor to Pump.fun and in mid-2025 it briefly overtook Pump.fun in market share, which at the time was a genuinely remarkable outcome given Pump.fun's dominance.
This is the mechanism that turns launchpad activity into BONK demand:
51% of swap fees are directed to "Buy for BNKK," funding open-market BONK purchases for the corporate treasury.
The stated ambition is for Bonk, Inc. to accumulate up to 5% of BONK's circulating supply, creating a structural long-term holder and aligning platform success directly with token demand.
Why this matters: it institutionalises recurring buy-side pressure tied to real platform revenue rather than to sentiment. It is the same logic Orca applies with xORCA and Raydium applies with its buybacks memecoins adopting DeFi value-accrual mechanics.
In September 2025, Nasdaq-listed Safety Shot, Inc. (SHOT) formed BONK Holdings LLC, a subsidiary dedicated to a digital asset treasury strategy centred on BONK.
The details:
Acquired over 228 billion BONK approximately 2.5% of circulating supply valued at $55–63 million at the time
Holds a 10% revenue-sharing interest in LetsBonk.fun, with revenues funding ongoing BONK acquisitions
BONK core contributor Mitchell Rudy (Nom) was appointed to Safety Shot's board as a strategic advisor
Set a target to acquire 5% of circulating supply by end of 2025
Plans to actively manage the treasury through Solana DeFi, staking, liquidity provision and yield farming
This was a genuine first. BONK became one of the first memecoins to attract formal corporate treasury adoption by a listed company. Whatever one thinks of the strategy, a Nasdaq-listed entity putting a memecoin on its balance sheet and taking a revenue share in its launchpad is a structural development, not a marketing announcement.
Circulating supply: approximately 87,994,532,091,094 BONK, roughly 88 trillion
Standard: SPL token on Solana, bridged to 10+ networks
Launch distribution: 50% airdropped free to the Solana community
VC allocation: none
Burn mechanism: deflationary, tied to protocol revenue
The enormous supply is deliberate. A price quoted in millionths of a dollar is a memecoin design choice, it makes the unit price psychologically accessible and lets holders own billions of tokens. It has no bearing on value; market capitalisation is what matters.
On burns: BONK's burn mechanism is real but should be sized correctly. Against 88 trillion circulating tokens, even a 1 trillion burn removes roughly 1.1% of supply. Burns are a sentiment and signalling tool here more than a meaningful supply lever.
25 December 2022 — Launch via airdrop. Trading opens 30 December; SOL rises 34% in 48 hours.
2023–2024 — BONK becomes the mascot of Solana's recovery, rising alongside the chain.
20 November 2024 — All-time high of $0.00005898, at the peak of the last memecoin cycle.
April 2025 — LetsBonk.fun launches with Raydium.
Mid-2025 — LetsBonk.fun briefly overtakes Pump.fun in market share.
September 2025 — Safety Shot forms BONK Holdings LLC and begins accumulating.
March 2026 — Bonk.fun domain hijack.
6 July 2026 — BonkDAO governance attack drains ~$20 million.
7 August 2026 — Upbit announces delisting; BONK falls to $0.00000255, its lowest since November 2023.
7 September 2026 — Upbit delisting takes effect.
11 September 2026 — Trading near $0.0000030, market capitalisation around $234 million, rank near #118, roughly 95% below the November 2024 peak. Daily volume in the $36–50 million range.
Note that volume remains substantial against market cap. BONK is heavily traded despite the drawdown, it has not been abandoned.
This is the defining event of BONK's 2026 and one of the most instructive DAO incidents in crypto history. The mechanics deserve precision.
No code was exploited. There was no smart contract bug, no compromised key, no phishing. The attacker used BonkDAO's own governance system exactly as designed.
30 June 2026 — An anonymous wallet submitted a proposal to BonkDAO's governance on Solana's Realms platform, titled "BIP #76 – Sowellian BonkDAO." The written pitch read like a genuine governance motion, proposing to implement "Sowellian governance," install new council members, and rebuild the DAO. Its actual function was to transfer the treasury's holdings to a wallet the proposer controlled.
4–5 July 2026 — A separate wallet spent approximately $4.4 million acquiring BONK on Bybit and Binance, with reports it also borrowed through DeFi lending platforms. The amount purchased was almost exactly the quorum threshold: 1% of BONK's supply.
6 July 2026 — The vote closed. Only seven wallets voted, against more than 18,000 DAO members who did not a turnout of 2.9%. The proposal cleared quorum by the narrowest possible margin: 882.38 billion BONK in favour against an 879.95 billion threshold. The result was 99.9% "yes" wallets linked to the attacker controlled roughly 99.878% of votes cast. It was, effectively, a single voter agreeing with itself.
The DAO then did exactly what it was built to do. Approximately 4.426 trillion BONK around $20 million transferred automatically to an attacker-controlled address linked to Bybit.
BonkDAO had no timelock, no multisig override, and a quorum cheap enough to buy.
A timelock would have forced a delay between approval and execution, giving the community a window to spot the drain
A multisig override would have allowed an emergency freeze
A higher quorum would have made the attack more expensive than the prize
The attacker spent $4.4 million to take $20 million. The arbitrage was straightforward once the governance parameters were known.
BonkDAO confirmed the attack via its verified X account, stating it had identified the exchange wallets used to purchase BONK ahead of the proposal and was working with exchanges, bridges and the Solana Foundation. Law enforcement was notified.
BONK fell 8–10% on the news.
The uncomfortable debate. Because every transaction was valid and every rule was followed, a significant portion of on-chain observers argued the attacker had not stolen anything, they had exploited a badly designed system. SlowMist co-founder Yu Xian noted the proposal had been live for six days and that no effort appeared to have been made to challenge it. For many, the law-enforcement framing sat awkwardly with the fact that the attacker used the front door.
What it means for DAOs generally. Governance attacks require no elite technical skill, only capital and a poorly defended voting system. A growing number of DAOs, many of them memecoin projects with outsized treasuries, hold large funds behind exactly such systems. BonkDAO was not an outlier; it was a demonstration.
Important scope note: no user wallets were drained, and the incident did not involve any flaw in BONK's token contract. The loss was confined to the DAO treasury.
Earlier in the year, the Bonk.fun launchpad suffered a domain hijack. Attackers took control of the official website and planted a wallet-drainer script. Users who interacted with the compromised interface signed malicious transactions. At least one trader reported losses of around $273,000.
Again, this was not a smart contract failure, it was infrastructure compromise at the web layer. But two separate security incidents in one year established a pattern that exchanges noticed.
This sequence is the most revealing piece of the whole year, and almost no coverage has framed it properly.
7 July 2026 — Both Upbit and Bithumb flagged BONK with a caution designation over the unresolved security incident and concerns about timely disclosure of material information.
7 August 2026 — On the same day, the two exchanges reached opposite conclusions on identical evidence:
Bithumb lifted its caution designation, determining the grounds had been resolved, and resumed deposits that day
Upbit concluded the grounds had not been resolved and announced full delisting
7 September 2026 — Upbit ended support for BONK/KRW and BONK/USDT at 15:00 KST, cancelling all open orders. Withdrawals remain supported until 7 October 2026. Deposits are suspended, and Upbit will no longer support airdrops, wallet upgrades or hard forks tied to the asset.
Why the Korean market matters disproportionately. Upbit is South Korea's largest exchange, and the BONK/KRW pair was the token's deepest retail liquidity pool in the country. The OECD's Asia Capital Markets Report 2026 identified Korea and India as having the highest absolute crypto-asset inflows in Asia over the twelve months to June 2025. Losing Upbit is a meaningful liquidity event, not a symbolic one.
The honest read: two sophisticated regulated exchanges reviewed the same incident and the same disclosures and disagreed about whether BONK had adequately remediated. That is a genuine signal of ambiguity rather than a verdict. Bithumb's clearance is as much a data point as Upbit's delisting, and most coverage reported only the latter.
The delisting announcement drove BONK to $0.00000255, its lowest price since November 2023.
On 26 August 2026, BONK launched BONKplay, a branded on-chain casino with a token buy-and-burn mechanism.
It follows the same structural logic as LetsBonk.fun: build a revenue-generating product, route a portion of revenue into BONK purchases and burns. Gambling revenue is reliable and volume-dense, which makes it a rational choice for a buyback engine though it also ties the ecosystem's economics to a category carrying meaningful regulatory and reputational exposure in several jurisdictions.
Robinhood speculation (1 September 2026). Robinhood CEO Vlad Tenev engaged with a social post advocating more memecoins on the platform, sparking speculation about expanded offerings. BONK is already listed on Robinhood.
SIX-listed ETP. BONK is accessible through an exchange-traded product listed on Switzerland's SIX exchange, providing regulated institutional exposure unusual for a memecoin and a genuine legitimacy marker.
The 1 million holder burn. The community's commitment to burn 1 trillion BONK when holders reach 1 million remains outstanding, with the count near 950,000 earlier in 2026.
The Christmas Day airdrop (2022). Still the single most effective marketing action in BONK's history. Giving away 50% of supply to a demoralised community at the exact moment of maximum despair created loyalty that no paid campaign could buy.
Ecosystem integration as distribution. Rather than advertising, BONK pursued integrations 400+ across Solana DeFi, gaming and NFT platforms. Every integration is a distribution channel and a reason for the token to exist.
LetsBonk.fun as a product play. Competing directly with Pump.fun and briefly winning market share generated more attention than any campaign, while building an actual revenue stream.
Burn milestones as community events. The 1-million-holder burn commitment gives the community a shared, measurable goal.
Corporate treasury announcements. The Safety Shot partnership and Mitchell Rudy's board appointment were positioned as legitimacy milestones bridging crypto and public markets.
Product expansion into gaming. BONKplay extends the brand into a new vertical while feeding the buy-and-burn engine.
Community self-identification. The "dog coin of the people" framing and BonkDAO governance gave holders an identity and a nominal voice though the July attack exposed how thin that participation actually was, with 18,000 members failing to vote on a treasury-draining proposal.
What remains intact: roughly 88 trillion tokens held across 750,000–950,000 addresses. 400+ integrations. $36–50 million in daily volume against a $234 million market cap high turnover, not abandonment. LetsBonk.fun generating real revenue with 51% of swap fees funding BONK buybacks. A Nasdaq-listed company holding 2.5% of supply with a stated 5% target. A SIX-listed ETP. Bithumb's clearance. One of the fairest launch distributions in crypto.
What has broken: two security incidents in one year, a domain hijack in March and a $20 million governance attack in July. A delisting from South Korea's largest exchange. A price roughly 95% below the November 2024 high and at three-year lows. A DAO whose governance was demonstrated to be purchasable for a fraction of its treasury value. Turnout of 2.9% on a vote that drained the treasury.
The structural question is whether BONK's ecosystem revenue LetsBonk.fun fees, BONKplay, treasury buybacks can generate enough sustained demand to offset the reputational damage and the loss of the memecoin cycle that created it. The buy-side mechanics are real and institutionalised. Whether they are large enough against 88 trillion tokens is unproven.
The governance question is more serious than the price. BonkDAO needs timelocks, higher quorum thresholds, and multisig emergency controls before it can credibly hold a treasury again. Until that is publicly resolved, exchange risk remains live, Upbit's stated reason was precisely that the issues were unresolved.
This is not financial advice. BONK is a memecoin with no intrinsic valuation floor, currently at three-year lows following two security incidents and a major exchange delisting.
A dog-themed community memecoin on Solana, launched 25 December 2022 with 50% of supply airdropped free to Solana NFT collectors, developers and artists. It was created anonymously to revive the Solana community after the FTX collapse.
To restore liquidity and morale to Solana after FTX and Alameda collapsed in November 2022. It was framed as "the first Solana dog coin for the people, by the people," and SOL rose 34% in the 48 hours after BONK trading opened.
The creators are anonymous, reportedly members of the Solana community. There was no venture capital backing and no significant team allocation.
An attacker spent roughly $4.4 million buying BONK on Bybit and Binance to reach the 1% quorum threshold, then passed a proposal titled "BIP #76 – Sowellian BonkDAO" that automatically transferred about 4.426 trillion BONK (~$20 million) from the treasury. Only seven wallets voted a 2.9% turnout and the proposal cleared quorum by 882.38 billion against an 879.95 billion threshold.
Not in the conventional sense. No smart contract was exploited, no key was compromised. The attacker used BonkDAO's own token-weighted voting on Solana's Realms platform exactly as designed. This has fuelled genuine debate over whether it constitutes theft or the exploitation of flawed rules.
No. The loss was confined to the BonkDAO treasury. BONK's token contract was not involved.
Upbit cited unresolved security incidents and insufficient disclosure of material information. It flagged BONK on 7 July 2026, concluded on 7 August that the grounds were not resolved, and ended BONK/KRW and BONK/USDT trading at 15:00 KST on 7 September 2026. Withdrawals are supported until 7 October 2026.
No, and this is important. Bithumb flagged BONK on the same day as Upbit, then lifted its caution designation on 7 August after determining the issues had been resolved. The two exchanges reached opposite conclusions on identical evidence.
A Solana memecoin launchpad launched in April 2025 as a joint project with Raydium. It briefly overtook Pump.fun in market share in mid-2025. 51% of its swap fees are directed to "Buy for BNKK," funding BONK purchases for the corporate treasury.
Nasdaq-listed Safety Shot, Inc. (SHOT), through its BONK Holdings LLC subsidiary. It acquired over 228 billion BONK (~2.5% of circulating supply), holds a 10% revenue share in LetsBonk.fun, and targeted 5% of circulating supply.
$0.00005898, set on 20 November 2024. BONK trades roughly 95% below that level as of September 2026.
No. Daily volume of $36–50 million against a $234 million market cap indicates active trading rather than abandonment, and the ecosystem continues shipping products. But BONK is at three-year lows following two security incidents and a major delisting, and its governance credibility requires repair.
Approximately 88 trillion in circulation. The large supply is a deliberate memecoin design choice and has no bearing on value — market capitalisation is the relevant figure.
Yes, via a deflationary mechanism tied to protocol revenue. The community has also committed to burning 1 trillion BONK when holders reach 1 million. Size it correctly: against 88 trillion circulating, 1 trillion is roughly 1.1% of supply.
A branded on-chain casino launched 26 August 2026, with a token buy-and-burn mechanism routing gaming revenue into BONK purchases.
Reported figures range from over 750,000 to approximately 950,000 addresses, depending on source and date.
Yes, partly. BONK is accessible through an exchange-traded product listed on Switzerland's SIX exchange, and a Nasdaq-listed company holds it as a treasury asset.
Three things, all standard: a timelock forcing delay between proposal approval and execution, a multisig emergency override to freeze anomalous transfers, and a quorum threshold high enough that buying it costs more than the treasury is worth. BonkDAO had none of the three.
