Bonk (BONK)

Bonk is a dog-themed memecoin that exists as an SPL token on the Solana blockchain. Unlike Dogecoin, which runs on its own chain, BONK borrows Solana's infrastructure, so transfers are fast and fees are tiny. Its signature move was launching with a massive free airdrop to the Solana community instead of a presale.

BONK doesn't have its own blockchain or miners — it's a token issued on Solana. Solana secures the network through a Proof of Stake consensus, sped up by Proof of History, a mechanism that timestamps events before validators confirm them. For a holder, that simply means BONK transactions settle in seconds at very low cost.

Bonk has a hard cap of 87,995,282,867,000 coins, meaning no BONK beyond that limit can ever be created. A large share was handed out through the launch airdrop, while the rest was allocated to the team, marketing, and ecosystem incentives with scheduled unlocks. Like many memecoins, it uses a deliberately huge total supply, so people often hold millions of BONK at a time.

Since BONK is a Solana token, it fits in any Solana-compatible wallet — browser wallets like Phantom or hardware devices like Ledger work fine. Beyond holding, people use BONK for tipping in crypto communities, trading on decentralized exchanges, and interacting with Solana DeFi and NFT apps. Always verify the token's contract address before buying or receiving it, as popular memecoins attract copycats.