The BONK cryptocurrency, a meme token built on the Solana blockchain, has rapidly gained attention since its launch. This article explores its total supply, distribution, and key holder insights for potential investors.
What Is BONK Crypto?
Launched on 25 December by an anonymous team, BONK positions itself as the "first Solana dog coin for the people", inspired by Shiba Inu meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB). Unlike its Ethereum-based counterparts, BONK operates on the Solana (SOL) blockchain, aiming to revive liquidity in Solana’s decentralized exchanges (DEXs) post-FTX collapse.
BONK Tokenomics: Total Supply Breakdown
BONK’s total supply is 100 trillion tokens, strategically allocated to foster community growth and utility:
| Allocation | Purpose |
|---|---|
| 20% | Airdropped to 40 Solana NFT projects |
| 20% | Early contributors (3-year vesting) |
| 15% | OpenBook trading platform users |
| 15% | Bonk DAO reserves |
| 10% | NFT artists/collectors |
| 5% | Solana developer rewards |
| 5% | Future development incentives |
| 5% | Initial DEX liquidity (Raydium, Orca, etc.) |
Current Circulating Supply
- 56 trillion BONK are in circulation (per CoinMarketCap).
- Market cap: ~$145.93M (as of January 2023).
Who Holds the Most BONK?
Top wallets and their holdings (via SolScan):
- Bonk MultiSig Wallet: 15% ($23.25M)
- Bonk Treasury: 9.56% ($13.95M)
- Anonymous Wallet: 4.7% (4.425 trillion tokens)
- Huobi Exchange: 3.06% ($4.46M)
- Gate.io Exchange: 1.11% ($1.63M)
👉 Explore BONK’s market performance
Token Burns & Price Impact
The team burned 5 trillion tokens in January 2023 to reduce supply and stabilize prices. NFT artists also voluntarily burned airdropped tokens, briefly boosting the price by ~47% intraday.
Should You Invest in BONK?
Before investing:
- Research market trends and token utility.
- Assess risk tolerance—crypto is highly volatile.
- Never invest more than you can afford to lose.
FAQs
Q: How many BONK coins exist?
A: 100 trillion total, with 56 trillion currently circulating.
Q: What’s BONK’s purpose?
A: To incentivize Solana’s ecosystem and DEX liquidity.
Q: Who are the largest holders?
A: The Bonk treasury, exchanges (Huobi, Gate.io), and anonymous wallets.
Q: Are token burns planned?
A: Yes—ad-hoc burns aim to support price stability.
Disclaimer: Crypto investments carry risks. Past performance doesn’t guarantee future results.
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