Swap Bonk at the Best Rate

What is Bonk?

BONK was created as a morale project: a group of Solana ecosystem contributors minted 100 trillion tokens and gave half of them away on Christmas Day 2022, spreading them across NFT communities, DeFi users, artists and developers. It deliberately took no venture funding and marketed itself as the first Solana dog coin for the people.

The token native to Solana is the canonical BONK. Versions trading on Ethereum, BNB Chain, Polygon and Arbitrum are Wormhole Portal bridge representations minted against BONK locked on Solana, so they are wrapped claims on the original rather than separately issued tokens.

Bonk supply and tokenomics

Half of the 100 trillion supply went to the launch airdrop. The remainder funded early contributors on multi-year vesting, a BonkDAO treasury for grants and initiatives, plus liquidity and marketing allocations. There is no ongoing issuance.

Supply has only moved down since. Community burn campaigns retire tokens in bulk, the largest being BURNmas on 26 December 2024, which burned 1.69 trillion BONK, and ecosystem products route fees into buybacks and burns: the LetsBonk launchpad and the BonkBot trading bot both allocate part of their revenue that way.

Who builds Bonk

There is no company behind BONK. It launched from a group of contributors spread across the Solana ecosystem, and coordination since then has run through community structures: the BonkDAO treasury, social campaigns, and integrations negotiated project by project. The official site today fronts a family of affiliated products, from an exchange-traded product in Switzerland to consumer apps, each run by its own operator.

How Bonk is governed

BonkDAO votes on treasury use with token-weighted proposals that need participation equal to 1% of supply to pass. That design was exploited between 30 June and 6 July 2026: an attacker proposed transferring treasury funds to their own wallet, spent about 4.4 million dollars buying enough BONK to reach quorum alone, and passed the proposal, draining roughly 20 million dollars before the DAO confirmed the attack and began working with exchanges and investigators to trace the funds.

What people use Bonk for

BONK works as Solana's community currency, spendable and tradable across the hundreds of applications that integrated it, from exchanges and wallets to games and social products.

• Trading and liquidity pools across Solana exchanges and aggregators.
• Launching and trading meme tokens on the LetsBonk launchpad, whose fees burn BONK.
• Tipping, gaming and payments inside integrated Solana apps.
• Community campaigns such as coordinated burns and charity drives.

Bonk risks and considerations

BONK is a meme asset: it has no revenue, no redemption value and a price driven by attention, so drawdowns are deep and fast. Its five-decimal, trillions-scale supply also means unit price is cosmetically tiny, which invites confusion when comparing balances across tokens.

The July 2026 treasury attack showed that a 1% quorum can be bought outright, so treasury governance carries real capture risk. And because EVM-chain BONK is a Wormhole bridge wrapper, holders there carry bridge risk on top of the asset itself; the Solana mint is the token the project actually issued.