BonkBONK price and how to buy

What BONK is

BONK launched in December 2022 as a community airdrop, with a large share of supply distributed free to Solana users, NFT holders and developers rather than sold to investors. That launch is why it is often called Solana's first community memecoin.

It is no longer among the highest-volume tokens on Solana, but it remains liquid and widely listed on centralised exchanges.

What BONK is used for

• Most of what happens to BONK is trading. It has no revenue, no assets and no claim on anything, so the price is a function of attention: it moves on exchange listings, on whatever Solana itself is doing that week, and on the general mood around memecoins. Nobody holding it is owed anything by anyone.

• It is accepted in more places than most memecoins. Several Solana applications take it as a trading pair or a fee token, which is unusual — the typical memecoin only ever trades against SOL and a stablecoin, and stops existing anywhere else.

• Some holders use it as collateral in Solana lending markets. That is a leveraged position on a volatile asset, and liquidation happens automatically when the price falls; it is not a way to hold BONK more safely.

How BONK trades

BONK has among the deepest liquidity of any Solana memecoin, spread across several decentralised exchanges rather than concentrated in one pool. In practice a few hundred dollars moves the price barely at all, while a five-figure order will show real price impact. That figure is in the quote before you sign — read it rather than assuming you get the mid-market rate, because on a token like this the difference between the two is the whole cost of the trade.

Common mistakes

1. 1

   The commonest way to lose money here is to buy an impostor token. Anyone can mint a token called BONK with the same picture and list it. The only thing that cannot be faked is the mint address, which is printed further down this page, so check it against what your wallet shows before you approve anything.

2. 2

   A low price per token does not mean BONK is cheap. It trades at a fraction of a cent because the supply is enormous, not because it is early. What decides whether it is expensive is the market capitalisation, and buying a trillion of something does not make it more likely to go up.

3. 3

   A wallet that holds only BONK cannot sell it. Every Solana transaction is paid for in SOL, and receiving a token you have never held before also costs a small refundable deposit to open its account. Someone who spends their last SOL on the swap is left holding a token they cannot move.

4. 4

   The airdrop history is not a floor under the price. The December 2022 distribution is why BONK exists and why it has holders, but it says nothing about what the token is worth now. Tokens that were given away are the easiest ones to sell.

BONK — Contract address

Symbols on Solana are not unique: anyone can mint a token using the BONK ticker. Verify the mint address, never the name:

The swap panel on this page is already pointed at this mint.