Bonk (BONK): how it works, supply and reviews
Status update
- BonkDAO treasury drain (6 July 2026)
- BonkDAO said a malicious governance proposal drained an estimated $20M worth of BONK from the BonkDAO treasury. source ↗
As of 1 November 2026, from the company’s own announcements unless stated otherwise.
In short
- Type
- SPL token (memecoin) on Solana.
- Maximum supply
- 100 trillion BONK at launch, half of it airdropped.
- Risks and caveats
- BONK Foundation says it is not a licensed financial firm, and that linked platforms are run by independent third parties it does not control.
- Checked
- 1 November 2026
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Key facts
- Ticker
- BONK
- Official site
- bonkcoin.com
Key facts checked on 1 November 2026 against official sources.
What is Bonk
Bonk (BONK) is a community memecoin on Solana, launched on Christmas Day 2022, with more than half of its supply given away to Solana developers and creators. The bonkcoin.com site is run by BONK Community Foundation, Ltd.
Network and consensus
| Parameter | Details |
|---|---|
| Type | SPL token (memecoin) on Solana. |
| Runs on | Solana; the paper calls BONK the community coin of Solana. |
| Launched | Launched on Christmas Day (25 December) 2022 by a small group of Solana builders. |
| Holders | BONK Foundation states over one million holding wallets. |
| Integrations | bonkcoin.com lists 400+ integrations. |
| Ecosystem products | bonkcoin.com links a non-custodial BONK DEX and a dYdX-powered market for spot and perpetual BONK. |
| Apps | The Integrations page lists DeFi integrations including Jito Labs, Dual Finance and Meteora. |
Supply and issuance
| Parameter | Details |
|---|---|
| Maximum supply | 100 trillion BONK at launch, half of it airdropped. |
| Initial distribution | Airdrops: 21% to 40 Solana NFT projects, 16% to traders and DeFi users, 10% to 1/1 artists and collectors, 5% to Solana developers. |
| Early contributors | 21% to 22 early contributors with 3-year linear vesting from 1 January 2023. |
| DAO and other allocations | 16% to the BonkDAO (Realms), 5% to initial liquidity and 5% to marketing. |
| Issuance | The Solana mint account has no mint authority, so no new BONK can be minted. |
What BONK is used for
- BONK is a community coin integrated into Solana apps as a unit of account and a user reward.
- BONK is used across DeFi, sports, art and charity initiatives promoted by the community.
- BonkDAO holders vote on proposals that control the DAO treasury.
Who develops and governs Bonk
- Foundation
- bonkcoin.com is operated by BONK Community Foundation, Ltd.
- Licensing
- BONK Foundation says it is not a licensed financial firm in any jurisdiction.
- Legal entity
- The BONK Paper names 14661346 Canada Ltd. as 'the Company'.
- Governance
- A BonkDAO on Realms controls further distribution of its 16% allocation.
- Founders
- Launched by a small group of Solana builders; 22 early contributors received 21%.
- Regulated products
- A Bonk ETP issued by Bitcoin Capital trades on SIX Swiss Exchange; BONK Foundation does not distribute it.
- Investment trust
- Osprey Funds runs the Osprey BONK Trust for accredited investors.
History
| Date | Event |
|---|---|
| 25 December 2022 | BONK launches on Christmas Day 2022, with more than half of the supply distributed to Solana developers and creators. |
| 1 January 2023 | The 3-year linear vesting for early contributors starts. |
| 2025 | Independent entities in the BONK ecosystem launch regulated products such as exchange-traded instruments. |
| 12 March 2026 | The independent bonk.fun launchpad reports that its domain was compromised. |
| 6 July 2026 | BonkDAO reports that a malicious governance proposal drained an estimated $20M of BONK from its treasury. |
Security and audits
- On 6 July 2026 BonkDAO said a malicious governance proposal drained an estimated $20M worth of BONK from its treasury.
- On 12 March 2026 the bonk.fun launchpad, which bonkcoin.com lists as an independent community launchpad, said its domain had been compromised.
- The BONK mint account on Solana has no mint authority.
Security incidents
| Date | What happened | Source |
|---|---|---|
| 12 March 2026 | Domain hijack: The bonk.fun launchpad (independent, not run by BONK Foundation) said a malicious actor had compromised its domain and told users not to use the site. | x.com |
| 6 July 2026 | Exploit: Governance attack: BonkDAO said a malicious governance proposal drained an estimated $20M worth of BONK from the BonkDAO treasury. Funds returned: not stated | x.com |
Official BONK contracts
| Network | Contract address |
|---|---|
| Solana | DezXAZ8z7PnrnRJjz3wXBoRgixCa6xjnB7YaB1pPB263 |
BONK is an SPL token on Solana; the mint has 5 decimals and no mint or freeze authority.
Risks and caveats
- BONK Foundation says it is not a licensed financial firm, and that linked platforms are run by independent third parties it does not control.
- The BonkDAO treasury lost an estimated $20M of BONK to a malicious governance proposal in July 2026.
- The BONK Paper says BONK may have no value and carries no promise of returns.
- The paper says BONK's regulatory status is unclear or unsettled in many jurisdictions.
Official links
- Website: www.bonkcoin.com
- Whitepaper: www.bonkcoin.com/BONK-Paper.pdf
- Disclaimers: www.bonkcoin.com/BONK-Disclaimers.pdf
- Block explorer: explorer.solana.com/address/DezXAZ8z7PnrnRJjz3wXBoRgixCa6xjnB7YaB1pPB263
- Governance: www.bonkcoindao.org
Questions and answers
What is Bonk (BONK)?
Bonk is a community memecoin on Solana, launched on Christmas Day 2022, with half of its supply airdropped to Solana users, artists and developers.
Who created Bonk?
A small group of Solana builders launched BONK; 22 early contributors received 21% of the supply. The website is run by BONK Community Foundation, Ltd.
What is the supply of BONK?
The paper set a total of 100 trillion BONK. The Solana mint showed about 87.99 trillion BONK on 1 November 2026 and has no mint authority.
Was BonkDAO hacked?
On 6 July 2026 BonkDAO said a malicious governance proposal drained an estimated $20M worth of BONK from its treasury.
Sources
- BONK - Home
- BONK - About
- BONK Paper (PDF)
- BONK - Disclaimers (PDF)
- BONK - Integrations
- BonkDAO statement on X (6 July 2026)
- bonk.fun statement on X (12 March 2026)
- Osprey BONK Trust
- Bitcoin Capital - Bonk ETP
- Solana Explorer - BONK mint
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