Bonk is a dog-themed community meme token on Solana, so what is Bonk comes down to an SPL token launched on 25 December 2022. It was airdropped to Solana users, NFT holders, artists, developers, and traders, and it has since grown into a set of Solana-based products. The token trades as BONK with a price of $0.000002931.
What is Bonk's technology and blockchain architecture
Bonk is an SPL token on Solana with 5 decimals and no ongoing issuance. Its primary Solana contract address is DezXAZ8z7PnrnRJjz3wXBoRgixCa6xjnB7YaB1pPB263. Wrapped or deployed versions also exist on Arbitrum, Aptos, Binance Smart Chain, Ethereum, Polygon, Neon EVM, and Unichain, but the canonical market asset is the Solana token. Bonk does not run its own blockchain.
Primary use cases and products
Bonk's activity is centred on products built around the token:
- BONKbot: A Solana Telegram trading bot with a 1% flat fee per swap. It reports 69.3 million trades and $10.1 billion in volume. Its Q3 2026 revenue was $1.37M.
- LetsBONK.fun (BONKfun): A Solana token launchpad that launched in Q2 2025 on Raydium's LaunchLab. Q1 2026 bonding-curve volume was about $692.1M.
- BONKswap: A DEX with $6.27M in Q3 2026 spot volume, up 118.1% quarter on quarter.
- BONKplay: An onchain casino powered by Betmode, launched in late July 2026.
- Circus: A launchpad announced on 21 July 2026 to make newly issued tokens available to Robinhood users.
Who is behind Bonk and where is it based?
Bonk was created by a group of Solana builders after the FTX collapse. CoinDesk reported in January 2023 that the team numbered 22 individuals with no single leader. Public filings identify Mitchell Rudy, known as "Nom," as a founding contributor, but the other members have not published legal names or verified titles, and most sources describe the founders as anonymous.
No country of operation is publicly confirmed for the development team. BONK has no issuing company. Governance runs through BonkDAO, a Realms-based DAO where token holders vote on proposals. The sources do not confirm a legal wrapper for the DAO. Bonk, Inc. (Nasdaq: BNKK), formerly Safety Shot, Inc., is a separate public company linked to the ecosystem, and its Delaware incorporation is stated in its filings. Its jurisdiction and role relative to the token are not confirmed to be part of the token's governance.
Tokenomics
Supply and distribution
The genesis supply was 100 trillion tokens. Circulating supply is 87,994,307,259,832 BONK, and total supply is 87,994,307,261,993 BONK, so almost all tokens are already in circulation. Half of the genesis supply was airdropped to Solana NFT projects, traders, artists, and developers. The BonkDAO treasury holds about 15% of supply, according to Coinsquare and Kraken. Sources differ slightly on the remaining allocations.
Burns and deflation
The team burned 5 trillion tokens in January 2023 after a price drop. A "BURNmas" event on 26 December 2024 burned 1.69 trillion BONK. Cumulative burns reached 12.01 trillion by the Blockworks Q2 2026 report, equal to 12% of genesis supply. BONKbot fees have historically funded buybacks and burns, and BONKplay allocates up to 10% of its fees to buying and burning BONK.
Consensus mechanism and network security model
Bonk inherits the security of Solana, a proof-of-stake network with parallelized execution. Its token-level security depends on the Solana token program and on BonkDAO's governance design. In July 2026, a malicious proposal (BIP-76) moved about $20 million of BONK from the treasury after buyers spent about $4.4 million to reach the 1% quorum. The proposal passed with 2.9% turnout and had no execution delay. Upbit and Kraken paused BONK deposits and withdrawals while BonkDAO said it had notified law enforcement.
Key partnerships and ecosystem integrations
- Bonk, Inc. (BNKK): Holds 2.48 trillion BONK, about 2.8% of circulating supply, against a stated 5% target.
- Robinhood: Circus is designed to bring newly issued tokens to Robinhood users.
- Jupiter: BONKbot routing uses Jupiter.
- Regulated product: A BONK exchange-traded product issued by Bitcoin Capital AG was listed on the SIX Swiss Exchange on 27 November 2025.
Competitive advantages and value proposition
Bonk's main advantage is its Solana-native brand and broad holder base. Blockworks describes it as the most widely held token on Solana, with nearly one million unique on-chain holders. Its product fees fund burns and buybacks, which links usage to supply reduction. Bonk ranks #215 by market cap at $257.94M, with 24h volume of $14.62M. Its all-time high was $0.00005825, and the current price is 94.97% below it.
Current development activity and roadmap
The BONK Paper describes its roadmap as informational and not a binding commitment, and no specific future milestones are verified in the sources. Recent activity includes the BONKplay launch, the Circus announcement, and the formation of BONK SPV LLC on 29 July 2026. Bonk, Inc. reported a net loss of $7,883,314 for the six months ended 30 June 2026, which it attributed to BONK price volatility.