{"id":25163,"date":"2024-03-12T14:17:34","date_gmt":"2024-03-12T18:17:34","guid":{"rendered":"https:\/\/coincentral.com\/?p=25163"},"modified":"2024-03-16T12:00:33","modified_gmt":"2024-03-16T16:00:33","slug":"what-is-bonk","status":"publish","type":"post","link":"https:\/\/coincentral.com\/what-is-bonk\/","title":{"rendered":"What is BONK in Crypto? A Guide on the Viral New Dog Meme Coin"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">BONK is a Solana-based dog meme coin with over 110\u00a0 DeFi, gaming, developer, and exchange integrations, transforming from a quirky airdrop to select Solana holders into a viral memecoin spiking over 25,000% in a single year.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Bonk story has all the narrative elements of a tech thriller\u2013 a Christmas airdrop to the Solana community in the midst of a particular brutal crypto winter, turned Cinderalla story giving early airdrop recipients a taste of multigenerational wealth.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">BONK bills itself as \u201cThe Dog Coin of the People\u201d and was initially launched to Solana holders as a free airdrop on Christmas 2022. Since then, BONK has been added to the world\u2019s largest exchanges, Coinbase and Binance, and minted many BONK millionaires off a free airdrop.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to Bonk\u2019s website, \u201cBONK&#8217;s adoption has since grown parabolically to emerge as the true community coin of web3.\u201d\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Is this the story of an underdog to the top dog of the memecoin world?\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Is BONK just Z-Gen Dogecoin?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It might not be as mindless as many people have made meme coins out to be. The Bonk team is actually shipping product, such as over 115 integrations spanning including DeFi, developer, and gaming verticals\u2013 there\u2019s even a Bonk first-person shooter where people can earn BONK by picking up orbs.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-media-max-width=\"560\">\n<p dir=\"ltr\" lang=\"en\">In a half hour, the first of the <a href=\"https:\/\/twitter.com\/bonk_inu?ref_src=twsrc%5Etfw\">@bonk_inu<\/a> events will begin.<\/p>\n<p>Simply have your Bonk character skin equipped and you will be able to pick up these spinning Bonk orbs in deathmatch. Each orb is 8 million bonk which goes straight to your wallet.<\/p>\n<p>Good luck! <a href=\"https:\/\/t.co\/CWzUG2vmge\">pic.twitter.com\/CWzUG2vmge<\/a><\/p>\n<p>\u2014 ev.io (@play_evio) <a href=\"https:\/\/twitter.com\/play_evio\/status\/1664008863610273793?ref_src=twsrc%5Etfw\">May 31, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">Let\u2019s explore all the above and more in CoinCentral\u2019s Guide on Bonk.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">What is BONK Crypto: The New Hot Dog on the Blockchain<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">You\u2019re here for one reason.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Not in search of novel technology. You came because you saw a random coin called BONK start trending, get listed on Coinbase, and go up 25,622.23% in a year.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">We don&#8217;t blame you. (That\u2019s a real number, by the way. )<\/span><\/p>\n<p><span style=\"font-weight: 400;\">BONK was born in the harsh bear market winter winds of December 2022. The crypto market had been decimated by the Luna, Celsius, BlockFi, and FTX blowups. Solana\u2019s close ties with FTX sent it into a faster spiral\u2013 SOL was trading at about $8, down 97% from its peak of about $260.\u00a0<\/span><\/p>\n<p><iframe title=\"YouTube video player\" src=\"https:\/\/www.youtube.com\/embed\/l-G5tn6HRco?si=Oua0jdBu3KEimEDT\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p><span style=\"font-weight: 400;\">And then came BONK, a dog-themed memecoin drawing inspiration from the original BONK memes, featuring a dog character, Cheems, being bonked on the head. Tragically, the dog on whom Cheems was based, <\/span><a href=\"https:\/\/www.dailydot.com\/news\/bonk-meme\/\"><span style=\"font-weight: 400;\">passed away in a battle with cancer<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">He didn\u2019t even get to see BONK get listed on Coinbase \ud83d\ude41\u00a0<\/span><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter  wp-image-25164\" src=\"https:\/\/coincentral.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-16-at-1.23.36\u202fPM.png\" alt=\"\" width=\"581\" height=\"299\" srcset=\"https:\/\/coincentral.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-16-at-1.23.36\u202fPM.png 1096w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-16-at-1.23.36\u202fPM-591x304.png 591w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-16-at-1.23.36\u202fPM-621x320.png 621w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-16-at-1.23.36\u202fPM-300x154.png 300w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-16-at-1.23.36\u202fPM-1024x527.png 1024w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-16-at-1.23.36\u202fPM-131x67.png 131w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-16-at-1.23.36\u202fPM-768x395.png 768w\" sizes=\"(max-width: 581px) 100vw, 581px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Pivoting from the Bonk meme\u2019s sad lore back to crypto BONK, the dog-themed coin was airdropped to Solana network participants. Anyone from folks in the Solana DeFi ecosystem or SOL-based NFT collectors and artists, and developers got some BONK thrown their way.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">LamportDAO devs received about 5% of the total token supply\u2013 about $300 per dev valued at over $500,000 today.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Upon heading over to the <\/span><a href=\"https:\/\/bonkcoin.com\/\"><span style=\"font-weight: 400;\">BONK website<\/span><\/a><span style=\"font-weight: 400;\">, the project begins to <\/span><i><span style=\"font-weight: 400;\">feel <\/span><\/i><span style=\"font-weight: 400;\">different from what might be dismissed as just another crypto meme.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Does the site look like you\u2019re trapped inside a big McDonald\u2019s M? Sure. But there\u2019s more to it than meets the eye.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">BONK Tokenomics and Distribution<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">BONK has a maximum supply of 100,000,000,000,000 BONK\u2013 that\u2019s 100 trillion BONK<strong>.\u00a0<\/strong><\/span><span style=\"font-weight: 400;\"><strong>Currently, about 60% of its maximum supply is issued,<\/strong> so about 61,837,624,528,359 BONK.\u00a0<\/span><\/p>\n<figure id=\"attachment_25165\" aria-describedby=\"caption-attachment-25165\" style=\"width: 2048px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"size-full wp-image-25165\" src=\"https:\/\/coincentral.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-15-at-3.36.18\u202fPM.png\" alt=\"BONK token distribution\" width=\"2048\" height=\"584\" srcset=\"https:\/\/coincentral.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-15-at-3.36.18\u202fPM.png 2048w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-15-at-3.36.18\u202fPM-591x169.png 591w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-15-at-3.36.18\u202fPM-621x177.png 621w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-15-at-3.36.18\u202fPM-300x86.png 300w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-15-at-3.36.18\u202fPM-1024x292.png 1024w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-15-at-3.36.18\u202fPM-131x37.png 131w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-15-at-3.36.18\u202fPM-768x219.png 768w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-15-at-3.36.18\u202fPM-1536x438.png 1536w\" sizes=\"(max-width: 2048px) 100vw, 2048px\" \/><figcaption id=\"caption-attachment-25165\" class=\"wp-caption-text\">BONK token distribution (Source: Bonk website)<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">A single BONK has hovered around $0.00002943 and $0.000001943.<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-25166\" src=\"https:\/\/coincentral.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-15-at-3.13.00\u202fPM.png\" alt=\"\" width=\"2048\" height=\"845\" srcset=\"https:\/\/coincentral.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-15-at-3.13.00\u202fPM.png 2048w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-15-at-3.13.00\u202fPM-591x244.png 591w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-15-at-3.13.00\u202fPM-621x256.png 621w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-15-at-3.13.00\u202fPM-300x124.png 300w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-15-at-3.13.00\u202fPM-1024x422.png 1024w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-15-at-3.13.00\u202fPM-131x54.png 131w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-15-at-3.13.00\u202fPM-768x317.png 768w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-15-at-3.13.00\u202fPM-1536x634.png 1536w\" sizes=\"(max-width: 2048px) 100vw, 2048px\" \/><\/p>\n<h2><span style=\"font-weight: 400;\">The BONK Team<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The creation of Bonk is credited to a core team of 20 Solana developers and builders, who launched BONK to inspire the Solana ecosystem in post-FTX times.\u00a0\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">BONK DeFi: Can You Stake Bonk?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">BONK is fairly well integrated into the SOL DeFi ecosystem, enabling holders to use their BONK in a wide variety of decentralized finance schemes.\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-25167\" src=\"https:\/\/coincentral.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-16-at-1.26.20\u202fPM.png\" alt=\"\" width=\"2048\" height=\"692\" srcset=\"https:\/\/coincentral.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-16-at-1.26.20\u202fPM.png 2048w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-16-at-1.26.20\u202fPM-591x200.png 591w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-16-at-1.26.20\u202fPM-621x210.png 621w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-16-at-1.26.20\u202fPM-300x101.png 300w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-16-at-1.26.20\u202fPM-1024x346.png 1024w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-16-at-1.26.20\u202fPM-131x44.png 131w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-16-at-1.26.20\u202fPM-768x259.png 768w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-16-at-1.26.20\u202fPM-1536x519.png 1536w\" sizes=\"(max-width: 2048px) 100vw, 2048px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Notable ways you can use your BONK in DeFi include:<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\"><strong>Solend:<\/strong> Lend and earn or borrow with $BONK\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\"><strong>BONKomatic:<\/strong> Stake $SOL and earn $BONK<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\"><strong>Coin Rabbit:<\/strong> Use your $BONK as collateral to get loans from Coin Rabbit<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\"><strong>Liquify:<\/strong> Convert NFTs into $BONK<\/span><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">But that\u2019s not all\u2013 BONK has even made its way into the crypto-gaming world.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">BONK Gaming: Is BONK Play-to-Earn?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">BONK\u2019s low value-per-token is prime for gaming. Earning BONK rewards in various games feels real but isn\u2019t high-value enough to force the project into an inflationary spiral\u2013 a challenge many GameFi projects find themselves succumbing to.\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-25168\" src=\"https:\/\/coincentral.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-16-at-1.26.31\u202fPM.png\" alt=\"\" width=\"2048\" height=\"393\" srcset=\"https:\/\/coincentral.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-16-at-1.26.31\u202fPM.png 2048w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-16-at-1.26.31\u202fPM-591x113.png 591w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-16-at-1.26.31\u202fPM-621x119.png 621w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-16-at-1.26.31\u202fPM-300x58.png 300w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-16-at-1.26.31\u202fPM-1024x197.png 1024w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-16-at-1.26.31\u202fPM-131x25.png 131w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-16-at-1.26.31\u202fPM-768x147.png 768w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-16-at-1.26.31\u202fPM-1536x295.png 1536w\" sizes=\"(max-width: 2048px) 100vw, 2048px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Here are a few BONK gaming applications:\u00a0<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">DOGE Track: Use $BONK to race doges at a dogetrack<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Dead Ruby Studios: a free-to-play arcade game where players can search for treasure ($BONK)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Evio: A first-person shoot-to-earn game.<\/span><\/li>\n<\/ol>\n<h2><span style=\"font-weight: 400;\">BONK vs. DOGE vs. SHIBU<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">BONK is currently the runt of the dog meme coin litter, having just touched a $2B market cap.\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/coincentral.com\/what-is-dogecoin\/\"><span style=\"font-weight: 400;\">Dogecoin (DOGE)<\/span><\/a><span style=\"font-weight: 400;\">, the top dog meme coin, hit a $70B market cap at its highest in 2021.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">SHIB hit a $43B market cap in 2021.\u00a0<\/span><\/p>\n<p><strong>Each dog coin has a different pedigree.<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">DOGE launched at the end of 2013; its code was copied from a new-defunct coin called Luckycoin, which was a fork of Litecoin (LTC), which was itself a fork of Bitcoin (BTC). In 2014, the Dogecoin mining process was integrated with Litecoin\u2019s mining process, allowing <\/span><a href=\"https:\/\/coincentral.com\/dogecoin-mining-guide\/\"><span style=\"font-weight: 400;\">miners to mine both Litecoin and Dogecoin<\/span><\/a><span style=\"font-weight: 400;\"> without extra work.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">SHIB is an <\/span><a href=\"https:\/\/coincentral.com\/a-comprehensive-guide-to-the-different-ethereum-token-standards\/\"><span style=\"font-weight: 400;\">ERC-20 token<\/span><\/a><span style=\"font-weight: 400;\"> on the Ethereum blockchain.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">BONK is is a <\/span><a href=\"https:\/\/coincentral.com\/what-is-solana-sol-explaining-one-of-the-fastest-layer-1s\/\"><span style=\"font-weight: 400;\">Solana token<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Both BONK and SHIB were created with exceptionally high supply leading to a very low cost per individual coin, which <\/span><a href=\"https:\/\/coincentral.com\/bitcoin-market-social-sentiment\/\"><span style=\"font-weight: 400;\">social sentiment <\/span><\/a><span style=\"font-weight: 400;\">tends to favor.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A single BONK costs about $0.00002869, effectively making any BONK holder with over $30 of the coin a \u201cBONKillionaire\u201d\u2013 holders of millions, hundreds of millions, and billions of BONK.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">DOGE, comparatively, has primarily priced within the confines of $0.01 to $1.00.\u00a0<\/span><\/p>\n<figure id=\"attachment_25170\" aria-describedby=\"caption-attachment-25170\" style=\"width: 586px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-25170\" src=\"https:\/\/coincentral.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-16-at-1.57.40\u202fPM.png\" alt=\"A bullish twitter user (Not financial advice)\" width=\"586\" height=\"1006\" srcset=\"https:\/\/coincentral.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-16-at-1.57.40\u202fPM.png 586w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-16-at-1.57.40\u202fPM-175x300.png 175w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-16-at-1.57.40\u202fPM-447x768.png 447w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-16-at-1.57.40\u202fPM-49x84.png 49w\" sizes=\"(max-width: 586px) 100vw, 586px\" \/><figcaption id=\"caption-attachment-25170\" class=\"wp-caption-text\">A bullish twitter user (Not financial advice)<\/figcaption><\/figure>\n<h2><span style=\"font-weight: 400;\">How to Claim BONK: Warning\u2013 Don\u2019t Get Scammed<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The BONK airdrop was distributed to NFT collectors, devs, and early Openbook traders (a Solana DEX).\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you simply just had SOL in your wallet or were staking it<\/span><b>, you unfortunately did not qualify.\u00a0<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Is it too late to claim your BONK on Solana?\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The airdrop is over, so yes, it\u2019s too late to claim BONK. The most likely case is that you had some Solana-based NFTs, and you should check your Phantom wallet or whatever Solana wallet you use for the airdrop. If it\u2019s not in there, you most likely did not get it.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Don\u2019t fall for any scams or links trying to get you to sign away access to your private keys.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">There are dozens of articles being pumped with links to scam versions of BONK, do not click these and FOMO into getting malware or all of your coins stolen. AI is making it very cheap to produce legit-sounding content with fake links rapidly.\u00a0<\/span><\/p>\n<figure id=\"attachment_25171\" aria-describedby=\"caption-attachment-25171\" style=\"width: 797px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-25171\" src=\"https:\/\/coincentral.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-15-at-12.04.32\u202fAM.png\" alt=\"A scam article with a link to a phishing site.\" width=\"797\" height=\"928\" srcset=\"https:\/\/coincentral.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-15-at-12.04.32\u202fAM.png 1058w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-15-at-12.04.32\u202fAM-591x688.png 591w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-15-at-12.04.32\u202fAM-621x723.png 621w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-15-at-12.04.32\u202fAM-258x300.png 258w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-15-at-12.04.32\u202fAM-660x768.png 660w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-15-at-12.04.32\u202fAM-72x84.png 72w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-15-at-12.04.32\u202fAM-768x894.png 768w\" sizes=\"(max-width: 797px) 100vw, 797px\" \/><figcaption id=\"caption-attachment-25171\" class=\"wp-caption-text\">A scam article with a link to a phishing site.<\/figcaption><\/figure>\n<p><strong>The official Bonk website is:<\/strong> https:\/\/bonkcoin.com\/<\/p>\n<p><strong>The official Bonk Twitter is:<\/strong> https:\/\/twitter.com\/bonk_inu<\/p>\n<h2><span style=\"font-weight: 400;\">Final Thoughts: Is Bonk Here to Stay?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Wrapping up our journey into the world of BONK, we find ourselves at the intersection of silly, heads-down bear market innovation and the sheer unpredictability of the cryptocurrency universe.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Folks urgently looking up \u201cBONK crypto\u201d or \u201cBONK price prediction\u201d may be pleasantly intrigued that there is more to the project than meets the eye.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Bonk\u2019s integration into the Solana ecosystem is fairly robust, and support of the project (especially after minting a few millionaires) has grown.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Each token isn\u2019t worth a whole lot at the current price of $0.00002006, but when you have millions or billions of them stashed in a wallet, it can really add up.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">BONK\u2019s meteoric rise, from a free air drop to a millionaire-maker, is a testament to the unpredictable nature of the cryptocurrency market, as well as a story about community. BONK\u2019s integration into Solana\u2019s DeFi and gaming dapps is a savvy market play, helping set a higher bar for new digital currencies, memecoin or not.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Still, as much as we can esteem BONK\u2019s favorable features and effects, we\u2019re reminded of the harsh reality that BONK may very well bust as soon as it boomed like thousands of tokens before it.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Whether BONK is destined for success among comparable projects like DOGE and SHIB, or it\u2019s fated to be a footnote in crypto history, its story is undeniably a reinvigorating breath of air for a cryptocurrency community battered by the months-long sequence of bad news in 2022.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BONK is a Solana-based dog meme coin with over 110\u00a0 DeFi, gaming, developer, and exchange integrations, transforming from a quirky airdrop to select Solana holders into a viral memecoin spiking over 25,000% in a single year.\u00a0 The Bonk story has all the narrative elements of a tech thriller\u2013 a Christmas airdrop to the Solana community<\/p>\n","protected":false},"author":5,"featured_media":25172,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"iawp_total_views":45,"footnotes":""},"categories":[5712],"tags":[28109,28113,27243,28110,28112,27996,28111,27923],"class_list":{"0":"post-25163","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-guides","8":"tag-bonk","9":"tag-crypto-gaming","10":"tag-defi","11":"tag-doge","12":"tag-memecoin","13":"tag-play-to-earn","14":"tag-shiba","15":"tag-solana"},"wppr_data":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is BONK in Crypto? A Guide on the Viral New Dog Meme Coin<\/title>\n<meta name=\"description\" content=\"Bonk has all the elements of a tech thriller\u2013 a free airdrop in a dire bear market turned 25,000% spike in price... but what does Bonk actually do?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coincentral.com\/what-is-bonk\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What&#039;s Up With Bonk? A Guide on the Viral Solana Meme Coin\" \/>\n<meta property=\"og:description\" content=\"Bonk has all the elements of a tech thriller\u2013 a free airdrop in a dire bear market turned 25,000% spike in price... but what does Bonk actually do?\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coincentral.com\/what-is-bonk\/\" \/>\n<meta property=\"og:site_name\" content=\"CoinCentral\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/moskovalex\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-12T18:17:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-16T16:00:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coincentral.com\/wp-content\/uploads\/2023\/12\/BONK-crypto-coin.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1960\" \/>\n\t<meta property=\"og:image:height\" content=\"1103\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Alex Moskov\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"What&#039;s Up With Bonk? A Guide on the Viral Solana Meme Coin\" \/>\n<meta name=\"twitter:description\" content=\"Bonk has all the elements of a tech thriller\u2013 a free airdrop in a dire bear market turned 25,000% spike in price... but what does Bonk actually do?\" \/>\n<meta name=\"twitter:creator\" content=\"@AlexMoskov\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Alex Moskov\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coincentral.com\/what-is-bonk\/\",\"url\":\"https:\/\/coincentral.com\/what-is-bonk\/\",\"name\":\"What is BONK in Crypto? A Guide on the Viral New Dog Meme Coin\",\"isPartOf\":{\"@id\":\"https:\/\/coincentral.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/coincentral.com\/what-is-bonk\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/coincentral.com\/what-is-bonk\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/coincentral.com\/wp-content\/uploads\/2023\/12\/BONK-crypto-coin.png\",\"datePublished\":\"2024-03-12T18:17:34+00:00\",\"dateModified\":\"2024-03-16T16:00:33+00:00\",\"author\":{\"@id\":\"https:\/\/coincentral.com\/#\/schema\/person\/0b8804b1fb558695b592459ee3d41568\"},\"description\":\"Bonk has all the elements of a tech thriller\u2013 a free airdrop in a dire bear market turned 25,000% spike in price... but what does Bonk actually do?\",\"breadcrumb\":{\"@id\":\"https:\/\/coincentral.com\/what-is-bonk\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/coincentral.com\/what-is-bonk\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coincentral.com\/what-is-bonk\/#primaryimage\",\"url\":\"https:\/\/coincentral.com\/wp-content\/uploads\/2023\/12\/BONK-crypto-coin.png\",\"contentUrl\":\"https:\/\/coincentral.com\/wp-content\/uploads\/2023\/12\/BONK-crypto-coin.png\",\"width\":1960,\"height\":1103,\"caption\":\"BONK crypto coin\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/coincentral.com\/what-is-bonk\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/coincentral.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"What is BONK in Crypto? A Guide on the Viral New Dog Meme Coin\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/coincentral.com\/#website\",\"url\":\"https:\/\/coincentral.com\/\",\"name\":\"CoinCentral\",\"description\":\"Your Bitcoin, Ethereum, and other Cryptocurrency HQ\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/coincentral.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/coincentral.com\/#\/schema\/person\/0b8804b1fb558695b592459ee3d41568\",\"name\":\"Alex Moskov\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coincentral.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/6c12f3f561bd6c8fa68af36f4733378ea1d33ad5d78c4027e4259b6f38925426?s=96&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/6c12f3f561bd6c8fa68af36f4733378ea1d33ad5d78c4027e4259b6f38925426?s=96&r=g\",\"caption\":\"Alex Moskov\"},\"description\":\"Alex Moskov co-founded CoinCentral in 2017 as its first Editor-in-Chief, growing it into a leading crypto publication with over 12 million readers. With a finance degree from the University of Florida and over a decade in the industry, he\u2019s worked with top web2 and web3 companies on content strategy and business development. He privately consults VCs, founders, and business leaders. His writing has been seen in The Hustle, VentureBeat, Yahoo Finance, Harvard Business Review, and Business Insider. His articles on CoinCentral have been cited on publications like Forbes, TechCrunch, Vice,\u00a0 The Guardian, Investopedia, The Motley Fool, Seeking Alpha, and more. He also regrets not buying more Bitcoin back in 2012, just like you. You can connect with Alex on Twitter website https:\/\/alexmoskov.me. Alex currently runs a new-tech research and venture studio HollyFrank.\",\"sameAs\":[\"https:\/\/alexmoskov.me\",\"https:\/\/www.facebook.com\/moskovalex\",\"https:\/\/x.com\/AlexMoskov\"],\"url\":\"https:\/\/coincentral.com\/author\/alexmoskov\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"What is BONK in Crypto? A Guide on the Viral New Dog Meme Coin","description":"Bonk has all the elements of a tech thriller\u2013 a free airdrop in a dire bear market turned 25,000% spike in price... but what does Bonk actually do?","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/coincentral.com\/what-is-bonk\/","og_locale":"en_US","og_type":"article","og_title":"What's Up With Bonk? A Guide on the Viral Solana Meme Coin","og_description":"Bonk has all the elements of a tech thriller\u2013 a free airdrop in a dire bear market turned 25,000% spike in price... but what does Bonk actually do?","og_url":"https:\/\/coincentral.com\/what-is-bonk\/","og_site_name":"CoinCentral","article_author":"https:\/\/www.facebook.com\/moskovalex","article_published_time":"2024-03-12T18:17:34+00:00","article_modified_time":"2024-03-16T16:00:33+00:00","og_image":[{"width":1960,"height":1103,"url":"https:\/\/coincentral.com\/wp-content\/uploads\/2023\/12\/BONK-crypto-coin.png","type":"image\/png"}],"author":"Alex Moskov","twitter_card":"summary_large_image","twitter_title":"What's Up With Bonk? A Guide on the Viral Solana Meme Coin","twitter_description":"Bonk has all the elements of a tech thriller\u2013 a free airdrop in a dire bear market turned 25,000% spike in price... but what does Bonk actually do?","twitter_creator":"@AlexMoskov","twitter_misc":{"Written by":"Alex Moskov","Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/coincentral.com\/what-is-bonk\/","url":"https:\/\/coincentral.com\/what-is-bonk\/","name":"What is BONK in Crypto? A Guide on the Viral New Dog Meme Coin","isPartOf":{"@id":"https:\/\/coincentral.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/coincentral.com\/what-is-bonk\/#primaryimage"},"image":{"@id":"https:\/\/coincentral.com\/what-is-bonk\/#primaryimage"},"thumbnailUrl":"https:\/\/coincentral.com\/wp-content\/uploads\/2023\/12\/BONK-crypto-coin.png","datePublished":"2024-03-12T18:17:34+00:00","dateModified":"2024-03-16T16:00:33+00:00","author":{"@id":"https:\/\/coincentral.com\/#\/schema\/person\/0b8804b1fb558695b592459ee3d41568"},"description":"Bonk has all the elements of a tech thriller\u2013 a free airdrop in a dire bear market turned 25,000% spike in price... but what does Bonk actually do?","breadcrumb":{"@id":"https:\/\/coincentral.com\/what-is-bonk\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/coincentral.com\/what-is-bonk\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coincentral.com\/what-is-bonk\/#primaryimage","url":"https:\/\/coincentral.com\/wp-content\/uploads\/2023\/12\/BONK-crypto-coin.png","contentUrl":"https:\/\/coincentral.com\/wp-content\/uploads\/2023\/12\/BONK-crypto-coin.png","width":1960,"height":1103,"caption":"BONK crypto coin"},{"@type":"BreadcrumbList","@id":"https:\/\/coincentral.com\/what-is-bonk\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/coincentral.com\/"},{"@type":"ListItem","position":2,"name":"What is BONK in Crypto? A Guide on the Viral New Dog Meme Coin"}]},{"@type":"WebSite","@id":"https:\/\/coincentral.com\/#website","url":"https:\/\/coincentral.com\/","name":"CoinCentral","description":"Your Bitcoin, Ethereum, and other Cryptocurrency HQ","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/coincentral.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/coincentral.com\/#\/schema\/person\/0b8804b1fb558695b592459ee3d41568","name":"Alex Moskov","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coincentral.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/6c12f3f561bd6c8fa68af36f4733378ea1d33ad5d78c4027e4259b6f38925426?s=96&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/6c12f3f561bd6c8fa68af36f4733378ea1d33ad5d78c4027e4259b6f38925426?s=96&r=g","caption":"Alex Moskov"},"description":"Alex Moskov co-founded CoinCentral in 2017 as its first Editor-in-Chief, growing it into a leading crypto publication with over 12 million readers. With a finance degree from the University of Florida and over a decade in the industry, he\u2019s worked with top web2 and web3 companies on content strategy and business development. He privately consults VCs, founders, and business leaders. His writing has been seen in The Hustle, VentureBeat, Yahoo Finance, Harvard Business Review, and Business Insider. His articles on CoinCentral have been cited on publications like Forbes, TechCrunch, Vice,\u00a0 The Guardian, Investopedia, The Motley Fool, Seeking Alpha, and more. He also regrets not buying more Bitcoin back in 2012, just like you. You can connect with Alex on Twitter website https:\/\/alexmoskov.me. Alex currently runs a new-tech research and venture studio HollyFrank.","sameAs":["https:\/\/alexmoskov.me","https:\/\/www.facebook.com\/moskovalex","https:\/\/x.com\/AlexMoskov"],"url":"https:\/\/coincentral.com\/author\/alexmoskov\/"}]}},"_links":{"self":[{"href":"https:\/\/coincentral.com\/wp-json\/wp\/v2\/posts\/25163","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coincentral.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coincentral.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coincentral.com\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/coincentral.com\/wp-json\/wp\/v2\/comments?post=25163"}],"version-history":[{"count":0,"href":"https:\/\/coincentral.com\/wp-json\/wp\/v2\/posts\/25163\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coincentral.com\/wp-json\/wp\/v2\/media\/25172"}],"wp:attachment":[{"href":"https:\/\/coincentral.com\/wp-json\/wp\/v2\/media?parent=25163"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coincentral.com\/wp-json\/wp\/v2\/categories?post=25163"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coincentral.com\/wp-json\/wp\/v2\/tags?post=25163"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}