Bonk is a meme coin akin to Dogecoin or Shiba Inu, but it is distinct in that it is built on the Solana blockchain. Solana is known for its high transaction speeds and lower transaction fees, which makes it an attractive platform for various crypto projects, including meme coins.
The first dog-themed coin on Solana, the $BONK coin, was created to drive higher liquidity on Solana-based DEXs. With this in mind, 50% of the memecoin’s supply was airdropped randomly within the Solana community, including developers, NFT owners, and NFT creators.
The multi-chain token BONK works across nine blockchain networks. As of November 2023, there are over 475k holders of $BONK coin, and the memecoin enjoys over 130 integrations across DeFi, exchanges, gaming, NFT, payment, social, and wallet dApps.
