Crypto · Solana Memecoin · BONK
BONK.
The Breakdown.
BONK is a Solana SPL memecoin launched in December 2022 by an anonymous group of Solana community contributors. Around half of the initial supply was airdropped free to Solana users, developers and NFT communities rather than sold.
BONK is a Solana SPL memecoin launched in December 2022 by an anonymous group of Solana community contributors. Around half of the initial supply was airdropped free to Solana users, developers and NFT communities rather than sold. Not advice.
What BONK Is
The token itself, and where it came from.
What It Is
BONK is a Solana SPL memecoin launched in December 2022 by an anonymous group of Solana community contributors. Around half of the initial supply was airdropped free to Solana users, developers and NFT communities rather than sold.
Origin
Launched anonymously by Solana community contributors on 25 December 2022.
Supply
Roughly 88.9 trillion tokens were minted at launch with no further minting, and periodic burns reduce the total.
Chain
Solana, SPL token
Two prices, both from CoinGecko. The dashed line is a straight join between them, not the path the price took.
The Record
Documented highs, lows and events. Not a forecast.
All Time High
$0.00005916, 20 November 2024.
All Time Low
$0.00000009197, 30 December 2022.
Event 1
December 2022, half of supply was airdropped to Solana developers, artists and NFT collectors.
Event 2
December 2023, Coinbase listed BONK on 14 December and Binance followed one day later.
The Lore
Fourteen dated events. It launched on Christmas Day 2022, six weeks after FTX collapsed, which is the part most retellings skip.
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December 25, 2022
Launched On Christmas Day Into The FTX Aftermath
BONK went live on 25 December 2022, weeks after the FTX collapse had pushed Solana to its lowest point, with SOL trading at just over $8 on 30 December 2022 before rebounding above $13 on 3 January 2023. Half the token supply was distributed in a launch airdrop to the Solana community. By 3 January 2023 the token had more than 85,000 holders and a market capitalisation near $93 million after a 24 hour gain of about 95%. Source: CoinDesk, 3 January 2023.
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December 2022
How The Launch Airdrop Was Split
Of the roughly 88.9 trillion tokens minted, 50% went out in the airdrop, including 20% to holders of 297,000 Solana NFTs and 10% to Solana artists and collectors. Decrypt reported that about 173 developers in the LamportDAO community each received 25 billion BONK, close to 5% of supply and worth roughly $300 at the time. Sources: CoinDesk, Decrypt.
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December 2022
All Time Low, With Aggregators Disagreeing
Price aggregators do not agree on the record low or its exact day. CoinMarketCap lists an all time low of $0.00000009197 on 30 December 2022, while CoinGecko lists $0.00000008614 on 29 December 2022; Coinpaprika lists approximately $0.00000009 without naming a date. All three were retrieved on 4 September 2026. Sources: CoinMarketCap, CoinGecko, Coinpaprika.
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December 14, 2023
Coinbase Listing
Coinbase listed BONK on 14 December 2023, making it the third memecoin offered on the platform after dogecoin and shiba inu. The token rose about 40% in 24 hours to $0.000014, on more than $235 million of trading volume. Source: CoinDesk, 14 December 2023.
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December 15, 2023
Binance Listing One Day Later
Binance opened BONK/USDT, BONK/FDUSD and BONK/TRY spot trading at 08:00 UTC on 15 December 2023, one day after the Coinbase listing. BONK rose more than 110% in 24 hours to $0.00002815, a market capitalisation of about $1.8 billion, on 24 hour volume of roughly $969 million against $232 million for shiba inu. Sources: CoinGape, Binance announcement via CoinCarp.
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March 2024
BonkBot Trading Volumes Reported
BonkBot, a Telegram trading bot in the BONK ecosystem, handled about $251 million of daily trading volume and generated close to $1.4 million in fees, according to Dune Analytics data cited in the report. Source: crypto.news, 19 March 2024.
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November 20, 2024
All Time High Alongside The Upbit Listing
Upbit listed BONK on its KRW market at 12:30 KST on 20 November 2024, and the token set its record high the same week after rising more than 100% over the previous seven days on the listing and an announced burn. CoinMarketCap records the peak as $0.00005916 on 20 November 2024, while CoinGecko records $0.00005825 on 19 November 2024 and Coinbase records $0.00005898 on 20 November 2024. Sources: FXStreet, CoinMarketCap, CoinGecko.
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December 26, 2024
BURNmas Removes 1.69 Trillion Tokens
The BURNmas campaign ran from 15 November to 24 December 2024 and the burn was executed on 26 December 2024, when 1.69 trillion BONK worth about $51 million, or 1.85% of circulating supply, was destroyed. The price fell 7.2% after the event, with holders objecting to the gap between the announced and actual burn dates. An earlier campaign target had been set at 1 trillion tokens, later raised to about 1.6 trillion worth $53.5 million. Sources: BitDegree, Unchained.
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April 2025
LetsBONK.fun Launchpad Goes Live
BONK's memecoin launchpad LetsBONK.fun launched in April 2025, roughly a week after Raydium announced its LaunchLab product; reporting gives only the month, not a specific day. It took in about $800,000 in fees within its first three days. Sources: CoinGecko, Cryptonews.
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July 2025
LetsBONK.fun Overtakes Pump.fun
On 6 July 2025 LetsBONK.fun held 58.5% of Solana launchpad market share against 35.2% for pump.fun, launching 19,620 tokens in 24 hours against 9,249, the first time pump.fun had not led the sector since its January 2024 debut. For the full month, LetsBONK.fun revenue reached about $37.38 million against roughly $15.38 million for pump.fun. On 23 July 2025 the platform pledged 1% of total revenue to weekly buybacks of the top tokens launched on it, on 24 hour fees of about $1.5 million. Sources: Decrypt, The Block, Bitget News.
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2025
Tuttle Capital ETF Filings Name BONK
Tuttle Capital filed a Form N-1A on 27 January 2025 covering a Tuttle Capital 2X Long Bonk Daily Target ETF, and a post-effective amendment filed on 17 June 2025 named 2 July 2025 as its effective date, with 16 July 2025 reported as the earliest possible launch, the product not then approved. Tuttle filed again on 16 September 2025 for a Bonk Income Blast ETF using FLEX option put credit spreads at a 0.99% expense ratio, for listing on Cboe BZX. Sources: SEC EDGAR, CoinDesk, The Crypto Times.
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July 6, 2026
Governance Attack Drains The BonkDAO Treasury
A malicious governance proposal passed on 6 July 2026 after an attacker spent about $4.4 million buying BONK across Bybit and Binance to meet the 1% quorum, then voted its entire stake in favour. Roughly 4.43 trillion BONK worth about $20 million left the BonkDAO treasury, with only seven wallets voting and the proposal recorded at 99.9% approval. BONK fell about 7% in 24 hours, and BonkDAO said it was working with exchanges, bridges, the Solana Foundation and law enforcement on recovery. Sources: CoinDesk, CryptoSlate.
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August 7, 2026
Upbit Announces A September Delisting
Upbit said on 7 August 2026 that it would delist BONK from its KRW and USDT markets on 7 September 2026 at 15:00 KST, citing an unresolved security incident and a failure to disclose material information in time, one month after designating the token a cautionary trading asset on 7 July 2026. BONK fell to an intraday low of $0.00000255, its weakest level since November 2023. Sources: BeInCrypto, KuCoin.
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September 2026
Price, Supply And Market Capitalisation
In early September 2026 BONK traded at about $0.000003142 on CoinMarketCap and $0.000003126 on CoinGecko, for a market capitalisation of roughly $275 million to $277 million, around 95% below the November 2024 peak. Both aggregators put circulating supply near 87.99 trillion against a total supply of about 88.87 trillion, while Coinpaprika instead reports circulating supply of 77.51 trillion and a market capitalisation near $240 million. Figures retrieved on 4 September 2026. Sources: CoinMarketCap, CoinGecko, Coinpaprika.
The Chart, And The Contract
The chart lives on DexScreener and will not render inside another page, so this links out to it rather than showing you a box that never loads. The contract sits beside it so you can check the chart is the token this page is about.
Check the contract against the chart before you trust either. On both chains there is always a different token using the same name.
The Risks
Structural, and specific to this token.
Risk 1
A very large token count means percentage moves come from tiny absolute price changes.
Risk 2
No revenue or cash flows back the token, value rests on demand.
Risk 3
Early airdrop recipients hold low cost basis supply that can be sold.
Supply, all time high and all time low from CoinGecko, read 2 September 2026. Launch details from the issuer's own announcements and from Solscan. Any price or market capitalisation inside the timeline is a dated snapshot, not a live figure. The live table is on the memecoins page. Every row in the timeline carries its own date and its own publication, and those are the sources. Supply, contracts, all time highs and all time lows come from CoinGecko, cross checked against CoinMarketCap and Coinpaprika. Where the aggregators disagree, both figures are printed and each is named in the row. Where a date is reported only as a month or a range it is written that way rather than narrowed. Direct quotations are reproduced from the reporting and attributed to the person who said them. Any price or market capitalisation in a row is a dated snapshot, not a live figure. Nothing on this page is a price forecast.
The Rest Of The Series
One breakdown per coin.
WIF · dogwifhat
From a fraction of a cent to nearly five dollars in four months, and what that run was made of.
TRUMP · Official Trump
OFFICIAL TRUMP is a Solana SPL token issued under the Trump brand by CIC Digital LLC and Fight Fight Fight LLC.
PENGU · Pudgy Penguins
PENGU is the Solana SPL token of the Pudgy Penguins NFT brand, issued by Igloo Inc.
FARTCOIN · Fartcoin
Fartcoin is a Solana SPL memecoin that grew out of Truth Terminal, an AI chatbot built by researcher Andy Ayrey.
USELESS · Useless Coin
Useless Coin is a Solana SPL memecoin whose stated premise is that it has no utility, roadmap or product.
FWOG · Fwog
Fwog is a Solana SPL memecoin built on an original frog character drawn by the artist Titto.
CHILLGUY · Just A Chill Guy
CHILLGUY is a Solana SPL memecoin using a character drawn by the artist Phillip Banks.
SC · Shark Cat
Shark Cat, ticker SC, is a Solana SPL memecoin using a photograph of Nala, a cat with a large Instagram following, in a shark costume.
TROLL · Troll
TROLL is a Solana SPL memecoin built on Trollface, the 2008 drawing by Carlos Ramirez.
Common Questions
BONK is a Solana SPL memecoin launched in December 2022 by an anonymous group of Solana community contributors. Around half of the initial supply was airdropped free to Solana users, developers and NFT communities rather than sold.
Launched anonymously by Solana community contributors on 25 December 2022.
Roughly 88.9 trillion tokens were minted at launch with no further minting, and periodic burns reduce the total.
A very large token count means percentage moves come from tiny absolute price changes. No revenue or cash flows back the token, value rests on demand. Early airdrop recipients hold low cost basis supply that can be sold.
No. It is a breakdown of a token, which is a different thing. Memecoins have no cash flows and can go to zero. Nothing here is financial advice and Cody Wise is not a licensed advisor.
A Memecoin Is Not
A Position.
The sleeve is sized so a total loss changes nothing about the plan. That is the only condition under which it belongs at all.
Not financial advice.