Bonk

Bonk (BONK) is a dog-themed meme coin on Solana. This page is about the crypto token. It has nothing to do with the cycling term or the video game of the same name. A small group of unnamed Solana builders launched Bonk on Christmas Day 2022, soon after the FTX crash. They gave about half of all the coins away for free to Solana users, artists and developers.

Many products have since grown up around the coin. They include the Bonk.fun token launchpad, games, a Swiss exchange-traded product and a US-listed company that holds BONK. In July 2026, an attacker used a vote to take about $20 million of BONK from the BonkDAO treasury.

How Bonk coin works: supply, airdrop and token allocation

Bonk is a standard Solana token (an SPL token) with no mining and no staking built into the coin. It started with a fixed supply of 100 trillion BONK, and no new tokens have been added since. The supply only moves one way, down, when tokens are burned. Bonk's price comes from trading demand, as with any meme coin. The token pays no yield and gives no claim on any company's profits.

The launch allocation, as set out in CoinMarketCap Academy's breakdown, split the supply into two halves. The first half was the airdrop, shared between Solana NFT holders, traders, artists and developers. The second half went to the project itself.

Vesting means the tokens were released bit by bit. The early contributors' schedule ran for three years from launch, so it ended in December 2025. If you hold BONK, the practical point is that the large scheduled unlocks are behind it. The big holders that remain are the DAO treasury, exchanges and the corporate buyer described further down.

What is Bonk coin used for?

Bonk coin is used mainly for trading and as the shared currency of a group of Bonk-branded apps. Holders trade it, tip with it, play games with it, and vote with it in BonkDAO. Bonk's own website counted more than 400 integrations and over 1.1 million holders in October 2026. Those integrations are apps, wallets and games on Solana that accept or support BONK.

The official site lists these products. Most are run by separate teams that license or share the brand, so the quality and the risk vary from one to the next.

• Bonk.fun is a launchpad where anyone can create a new token in a few minutes. It is covered in its own section below.
• BONKplay is a casino and games hub run on Betmode's platform. It opened on 30 July 2026 and earmarks up to 10% of its fees for burning BONK, as we reported in our BONKplay launch coverage.
• BONKUJI is a trading card site where you pay to open packs, with graded Pokémon cards among the prizes. It added new Pokémon packs in September 2026.
• BONK Swap is a non-custodial exchange for swapping tokens. Non-custodial means the app never holds your coins.
• BONK Trade offers spot and perpetual BONK markets and runs on dYdX.
• BonkX is described by the site as a digital banking platform.
• PartyBet is a Telegram app with BONK-branded casino games and sports picks. Bonk's official account began promoting its sports betting feature, with odds supplied by Polymarket, on 9 October 2026.

BONKbot is a Telegram trading bot that carries the Bonk name and has its own listing on Solana Compass. Several of these products are gambling products. They may be restricted or illegal where you live, and none of them changes what the coin itself is.

Bonk.fun: the BONK launchpad and where its fees go

Bonk.fun, first called LetsBonk.fun, is a Solana launchpad for creating and trading new meme coins. It launched on 25 April 2025 on Raydium RAY$1.84+1.7%'s LaunchLab technology. Tokens that attract enough buyers move automatically into a Raydium trading pool. Bonk.fun is the main rival to Pump.fun, and it matters to BONK holders because a share of its fees is used to buy BONK on the open market.

Bonk.fun passed Pump.fun in July 2025, when it took about 55% of Solana's new-token market according to Backpack's guide to the platform. The lead did not hold, and the two have traded places more than once since. Our summary of the launchpad wars covers how that first flip happened.

The fee rules changed in a way worth understanding. At first, a large slice of Bonk.fun's fees bought BONK and burned it. On 3 December 2025, Bonk, Inc. said it had acquired a 51% revenue interest in Bonk.fun. From then on, just over half of platform fees buy BONK for that company's treasury, up from a tenth before. Those tokens are held, and they are no longer destroyed.

For you as a holder, the buying pressure remains but the supply reduction from this source mostly stopped. A company can also sell what it holds. Burned tokens cannot come back.

Bonk.fun is built for tokens that trade from the first minute. If you only want to create a token of your own without a launchpad, Solana Compass has a token maker of its own. We run that tool and earn fees from it.

Bonk coin burns: how the BONK supply shrinks

A burn sends tokens to an address nobody controls, which removes them from the supply for good. Bonk burns happen in two ways: one-off burns voted through by BonkDAO, and small ongoing burns paid for by product fees. The largest single burn was BURNmas. On 26 December 2024, BonkDAO burned 1.69 trillion BONK, worth more than $51 million at the time.

Cointelegraph's report on the BURNmas burn put the circulating supply at about 91 trillion BONK just before it. Earlier burns included a large one by the team soon after launch. Live supply figures are shown in the data panels on this page.

A further burn of 1 trillion BONK was promised for the day the coin reached one million holders, a plan CoinDesk reported in July 2025. Bonk's website now says the coin has passed that mark. We could not find confirmation that this burn has been carried out, so treat it as unverified.

Think of a burn like a share buyback where the shares are cancelled. Each remaining token is a slightly larger slice of the total, but a burn does nothing to create demand. With tens of trillions of tokens still in circulation, a burn has to be very large to change the picture.

BONK ETP and BNKK stock: Bonk exposure without a crypto wallet

Two listed products give exposure to Bonk through an ordinary brokerage account. The BONK ETP trades on the SIX Swiss Exchange and tracks the coin directly. BNKK is the Nasdaq ticker of Bonk, Inc., a company that holds BONK and owns a revenue stake in Bonk.fun. They are very different things, and BNKK is a company share that does not track the BONK price.

Swiss issuer Bitcoin Capital listed the BONK ETP on 27 November 2025, as Decrypt reported. It is open to retail and institutional investors through brokers that offer SIX-listed products. Bonk's website also lists OBNK, a private trust for accredited investors that is closed to US persons.

Bonk, Inc. is the former Safety Shot, a drinks company that renamed itself and began trading as BNKK on 10 October 2025. It has said it aims to hold 5% of the BONK supply. If you buy BNKK you are buying a small company with a beverage business, a launchpad revenue stake and a token treasury. Its share price reflects all three, plus its own financing decisions. Bonk's website describes it as an independent company.

Who is Bonk coin for?

Bonk suits people who already use Solana and want a meme coin that is easy to trade. It only suits people who can afford to lose what they put in. Bonk is one of the older Solana meme coins and one of the most widely supported, so it works in most wallets and apps. Bonk is a poor fit for anyone who wants income, a stable price or a claim on a business.

A few cases show the difference. Say you are new to Solana and want to try a swap or a game with a small amount. Bonk works for that in most Solana apps. Say you trade meme coins often. Bonk is listed on big exchanges, and since September 2026 it has a leveraged market on Phoenix. Say you want it in a brokerage account. The Swiss ETP is the direct route if your broker offers SIX-listed products.

The limit in every case is how sharply the price moves. BONK hit a nearly three-year low in August 2026, according to BeInCrypto. Meme coin prices follow attention, and no team controls attention.

Is Bonk safe? The BonkDAO attack, the Bonk.fun hijack and other risks

The Bonk token itself has not been hacked, but two parts of its ecosystem were attacked in 2026. In July, an attacker bought enough BONK to pass a BonkDAO vote and took about $20 million from the treasury. In March, the Bonk.fun website was hijacked and used to drain visitors' wallets. BONK that people held in their own wallets was not taken in the DAO attack.

The DAO attack is the bigger of the two. Halborn's account of the BonkDAO hack describes a proposal submitted on 30 June 2026 on Realms, Solana's DAO platform. The text said it would reward people who voted yes. A hidden clause sent 4.43 trillion BONK from the treasury to the attacker.

The attacker spent about $4.4 million buying BONK on Bybit and Binance to get the votes. A proposal needed yes votes equal to about 1% of supply. Almost nobody else voted, so the attacker cast nearly all of the votes. The proposal passed and ran at once on 6 July, with no waiting period in which anyone could stop it.

BonkDAO confirmed the loss, saying it "was the target of a malicious governance proposal resulting in an estimated $20M worth of BONK tokens being drained from the BonkDAO treasury." It reported the theft to law enforcement. We found no confirmation that the funds were recovered, and no confirmed changes to the voting rules.

The attack had a second cost. Korean exchanges Upbit and Bithumb put BONK under a trading caution the day after the theft. Bithumb lifted its caution a month later. Upbit ended BONK trading on 7 September 2026, citing an unresolved security incident and late disclosure by the operators.

The Bonk.fun hijack happened on 12 March 2026. Attackers took over a team account, gained control of the domain and showed visitors a fake terms-of-service prompt. Anyone who signed it gave the attackers access to their wallet, The Block reported. People who had connected earlier and did not sign the new prompt were not affected.

Other risks to weigh:

• Concentration. The DAO treasury started with 15% of supply, and Bonk, Inc. is buying toward a 5% target. Large holders can move the price when they sell.
• Anonymous founders. The people who launched Bonk have not been publicly named, and the Bonk Foundation's website says it is not a registered financial institution.
• Audits. Bonk is a plain SPL token with no custom program of its own listed on Solana Compass, and we found no published audit of the token or of BonkDAO's governance setup. Each Bonk-branded app carries its own separate code and custody risk.
• Lookalike tokens. Several unrelated tokens on Solana use the Bonk name. Check the contract address before you buy.

Bonk vs Dogecoin vs Shiba Inu

Bonk, Dogecoin and Shiba Inu are all dog-themed meme coins, and the main difference is where they live. Dogecoin runs on its own blockchain. Shiba Inu is a token on Ethereum. Bonk is a token on Solana, so transfers cost a fraction of a cent and it plugs into Solana apps. Bonk is the youngest and the smallest of the three.

Dogecoin has the longest record and the widest name recognition. Shiba Inu and Bonk both built app ecosystems around the coin. Bonk's draw is its deep ties to Solana. Bonk's weakness, shown in 2026, is that its governance was easy to capture.

Where to buy Bonk coin, and the BONK contract address

You can buy Bonk on large exchanges including Binance and Coinbase, and on Solana decentralised exchanges such as Raydium. On Solana, every token has a contract address called the mint. Always check the BONK mint before you buy, because copycat tokens use the same name.

The BONK mint is:

DezXAZ8z7PnrnRJjz3wXBoRgixCa6xjnB7YaB1pPB263

Buying on Solana takes three steps. Set up a Solana wallet. Fund it with SOL or a stablecoin. Then swap for BONK in the wallet or on an exchange app, and confirm the mint matches. Keep a little SOL for network fees. If your funds are on Ethereum or another chain, you can bridge them to Solana and swap into Bonk in one flow.

Exchange availability changes. Upbit removed BONK in September 2026, so check your own exchange before sending coins to it.

Who created Bonk? Team, BonkDAO and history

Bonk was created by a small group of Solana builders who have stayed anonymous. The coin launched on 25 December 2022, when Solana was at a low point after FTX failed. The pseudonymous contributor Nom has been its best-known public voice, and spoke about the launch in an interview we summarised.

Key dates:

• 25 December 2022: Bonk launches with an airdrop of half the supply.
• December 2023: Coinbase and Binance list BONK.
• 26 December 2024: BonkDAO burns 1.69 trillion BONK in BURNmas.
• 25 April 2025: LetsBonk.fun, now Bonk.fun, launches with Raydium.
• 10 October 2025: Safety Shot becomes Bonk, Inc. and trades as BNKK.
• 27 November 2025: The BONK ETP lists on the SIX Swiss Exchange.
• 12 March 2026: The Bonk.fun domain is hijacked.
• 6 July 2026: An attacker drains about $20 million from the BonkDAO treasury.
• 7 September 2026: Upbit ends BONK trading.

BonkDAO is the body through which holders vote on the treasury, burns and grants. It runs on Realms, and voting power follows the number of tokens held. That design is what the July 2026 attacker used. Anyone relying on BonkDAO to protect the treasury should look for published changes to its quorum and execution delay before assuming the gap is closed.