What is Bonk (BONK)

What is Bonk (BONK)

Bonk (BONK) is a meme-based cryptocurrency launched on the Solana blockchain in December 2022. Branded as "the first Solana dog coin for the people, by the people," Bonk was created in response to growing frustrations within the Solana community, particularly around perceived centralization and dominance by venture capital interests.

Bonk aims to establish long-term value through grassroots engagement and a decentralized distribution model. At launch, 50% of the token supply was airdropped to Solana users, developers, and NFT communities to encourage widespread adoption and foster a strong sense of ownership among everyday users.

Who Created Bonk

Bonk was created by a group of anonymous developers and community members within the Solana ecosystem. Unlike many crypto projects that are launched by high-profile founders or backed by venture capital, Bonk was intentionally designed as a grassroots initiative. Its creators aimed to counter the growing perception that the Solana ecosystem was becoming overly centralized and dominated by institutional players.

Although the identities of the creators remain undisclosed, their decision to forgo centralized control and prioritize broad distribution has resonated with many in the crypto space. The anonymous origin, coupled with a playful brand and transparent approach, has contributed to Bonk’s identity as a meme coin.

Bonk’s Past Price Movement

What Is The All-Time High of Bonk Price

As of March 2025, Bonk reached its all-time high (ATH) of $0.00005959 in November 2024. 

What Is The All Time Low on Bonk Coin

As of March 2025, the all-time low (ATL) of Bonk occurred on December 29, 2022, when it traded at $0.00000009197. 

Bonk Tokenomics

With a total supply of 100 trillion BONK tokens, BONK’s distribution model reflects the project's grassroots ethos—aiming to spread ownership widely and avoid the centralized token allocations often seen in other crypto projects.

The distribution of BONK tokens is as follows:

Team Development – 5%: Allocated to support the continued growth and maintenance of the Bonk project. These tokens help fund core development, infrastructure, and strategic expansion.

Marketing – 5%: Reserved for promotional activities, partnerships, and awareness campaigns to drive user adoption and community growth.

Initial Liquidity – 5%: Provided to establish liquidity pools, ensuring that users could buy and sell BONK smoothly from day one.

BonkDAO – 15%: Directed toward the Bonk Decentralized Autonomous Organization (DAO), which governs community initiatives, grant proposals, and ecosystem development.

Early Contributors – 20%: Allocated to individuals and entities who supported the project during its initial development phase.

40 Solana NFT Collections – 20%: Airdropped to holders of top NFT projects on Solana to promote interoperability and community integration across ecosystems.

Early OpenBook Traders – 15%: Distributed to early users of OpenBook, a decentralized exchange on Solana, as a gesture of appreciation and to seed liquidity among active traders.

Solana Artists and Collectors – 10%: Given to independent creators and collectors within the Solana art scene to support and recognize creative contributions.

Solana Developers – 5%: Targeted toward builders and developers in the Solana ecosystem to foster innovation and collaboration.

How To Trade Bonk (BONK) on Flipster

1. Sign up for an account on the Flipster website or by downloading the Flipster app (Android or Apple).

2. Click the [Trade] tab.

3. Search for BONK and click on it.

4. Select the leverage (up to 20x).

5. Select either a Trigger Order or Market Order.

6. Input the amount of crypto you wish to trade, or select a percentage of your available funds to use.

7. Once you have confirmed the details, click the [Long] or [Short] button to open a position.

Disclaimer: This material is for information purposes only and does not constitute financial advice. Flipster makes no recommendations or guarantees in respect of any digital asset, product, or service. Trading digital assets and digital asset derivatives comes with a significant risk of loss due to its high price volatility, and is not suitable for all investors. Please refer to our Terms.