Bonk it Like It’s Hot: Ndax Welcomes the BONK

BONK is a meme token launched on the Solana blockchain, inspired by popular meme cryptocurrencies like Dogecoin. It features a Shiba Inu dog as its mascot and logo. What sets BONK apart is its strong focus on community and humor. Unlike many meme coins, BONK aims to bring joy and laughter rather than disrupt major industries. It was launched with a massive airdrop, distributing tokens to Solana contributors, and is governed by a decentralized autonomous organization (DAO) of BONK holders.

BONK is more than just a token; it's a lively community where meme culture thrives. By holding BONK, users become part of a vibrant ecosystem that integrates across various Solana applications. While embracing the playful side of crypto, BONK also offers utility-driven projects, making it a unique blend of humor and blockchain innovation. 

BONK has demonstrated notable market activity, achieving a market capitalization of approximately $1.77 billion USD as of the current date. It is essential to note that meme coins can be highly volatile, BONK has shown considerable growth and potential within the crypto market.

Since its launch on December 25, 2022, BONK has experienced significant price fluctuations. Over the past year, the price of BONK has fallen by approximately 48% to 51%, reflecting the high volatility and speculative nature typical of meme-based cryptocurrencies. However, the token has also experienced periods of rapid growth—most notably in November 2024, when BONK surged to a new all-time high, gaining 175% within the month. This highlights BONK’s ability to attract investor interest and maintain momentum in the competitive meme coin market. Despite these surges, BONK has also faced sharp downturns—for example, experiencing an 80% price drop from November 2024 to March 2025—underscoring the risks associated with meme-based cryptocurrencies.

BONK differentiates itself as a community-driven token on the Solana blockchain, with 50% of its total supply airdropped to the Solana community. This strategy has contributed to BONK's growth and helped it become one of the leading meme coins by market capitalization. 

BONK is a meme token that aims to be the "community coin of Solana," with integration across numerous decentralized applications within the Solana ecosystem. At the time of writing, the total supply of BONK tokens is approximately 88.87 trillion, with a significant portion already burned to create scarcity, and additional tokens burned daily as part of efforts to further reduce supply and increase scarcity.

As of the date of this writing in May 2025,

• Circulating Supply: ~77.29T BONK 
  Total Supply: ~88.87T BONK 
  Max Supply: ~88.87T BONK
• Token Allocation:
  50% – Community Airdrop 
  20% – Early Contributors 
  20% – Solana NFT Collections 
  10% – Team Development, Marketing, and Liquidity 

Always DYOR (do your own research) and never invest more than you can afford to lose. 
If you’d like to begin your research, you can dive deeper into the world of BONK by checking out our comprehensive "About BONK” guide for all the technical project details, coin history and team bio.

Disclaimer: This article is not intended to provide investment, legal, accounting, tax, or any other advice and should not be relied on in that or any other regard. The information contained herein is for informational purposes only and is not to be construed as an offer or solicitation for the sale or purchase of cryptocurrencies or otherwise. Ndax is a member of the Canadian Investor Protection Fund (CIPF). Please note that CIPF coverage is not full and is subject to specific terms and conditions.