BONK — The Original Solana Dog Memecoin
BONK rebuilt Solana liquidity after the FTX collapse. It remains the highest-holder-count memecoin on the network.
About Bonk
BONK is the first dog-themed memecoin on Solana, launched on December 25, 2022. Its origin story is unusual for a memecoin: BONK was airdropped across the Solana ecosystem — to NFT holders, DeFi users, and active wallets — as a deliberate effort to inject liquidity and community energy back into Solana after the collapse of FTX and Alameda Research wiped out a large share of the network's on-chain activity. The airdrop design was aggressive: 50% of the initial BONK supply went directly to Solana users, with no team allocation and no venture capital round. This gave BONK a broad, distributed holder base from day one. Since launch, BONK has become a fixture of Solana culture, associated with the network's recovery and widely used as a unit of community tipping, NFT trading, and DeFi experimentation. BONK has the highest unique-holder count of any memecoin on Solana and is one of the most actively transferred SPL tokens by transaction count.
Supply, distribution, and tokenomics
BONK has a fixed maximum supply of approximately 100 trillion tokens, with roughly half the supply airdropped to Solana users in late 2022 and early 2023. The remaining supply was deployed through liquidity mining incentives, ecosystem partnerships, and community distribution. BONK has no team vesting schedule in the traditional sense — the original launch allocated zero tokens to founders — but a large portion of the supply is held by early recipients who have gradually distributed tokens to the market. A burn mechanism has been used at several points to reduce supply, though BONK remains a very high-supply, low-unit-price token, which is typical for community memecoins on Solana. Because of the very high supply and very low unit price, BONK swaps frequently involve large token amounts and require attention to slippage at higher trade sizes.
Use cases and ecosystem
BONK has three primary uses on Solana. First, it is a community and cultural token: BONK is widely used for tipping, for rewarding community participation, and as a symbol of Solana ecosystem identity. Second, it is a DeFi asset: BONK/SOL and BONK/USDC pools on Raydium, Orca, and Meteora are among the deepest memecoin pools on Solana, and BONK is accepted as collateral in a small number of Solana lending markets. Third, it is a trading instrument: BONK has been one of the most actively traded Solana memecoins by volume since 2023, with daily volume regularly exceeding tens of millions of dollars during active periods. For most users, BONK is a way to hold exposure to Solana memecoin culture without needing to launch or trade any specific new token.
How to buy BONK on Solana
To buy BONK on Solana, connect a Solana wallet to SwapKing, select SOL or USDC as the input token, select BONK as the output, enter the amount, and click Swap. BONK/SOL and BONK/USDC are among the deepest memecoin pools on Solana, so slippage for retail-sized swaps is typically under 1%. BONK is also available on major centralized exchanges including Coinbase, Kraken, Binance, and OKX. The Solana mint address for BONK is DezXAZ8z7PnrnRJjz3wXBoRgixCa6xjnB7YaB1pPB263 — always verify this before swapping, because fake BONK tokens with similar mint addresses have appeared on Solana since the original token's popularity grew.
Risks and considerations
BONK is a memecoin. Its price is driven by Solana ecosystem sentiment, social momentum, and speculative cycles rather than by revenue or cash flow. BONK has drawn down more than 90% from prior all-time highs multiple times, and similar drawdowns are possible in the future. Its very high supply means that even modest changes in circulating tokens can produce large shifts in market cap and price. BONK is not a stablecoin, not a governance token with enforceable rights, and not backed by any reserve. SwapKing is non-custodial and does not manage any of these risks — you are always responsible for the amount of BONK you swap and the tokens you swap into.
Where to go next
Swap BONK on Solana directly on this page. For a deeper look at the BONK market, review the SOL to BONK and BONK to SOL pair pages. For context on how Solana prices and routing are measured, see Methodology. If you are new to Solana, start with How to Swap Tokens on Solana.
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Frequently Asked Questions
What is BONK?
BONK is the first dog-themed memecoin on Solana, launched on December 25, 2022, as a recovery airdrop after the FTX collapse. It has the highest unique-holder count of any Solana memecoin.
When was BONK launched?
BONK launched on December 25, 2022, and was airdropped broadly across Solana wallets, NFT holders, and DeFi users.
What is the BONK mint address on Solana?
The Solana SPL mint address for BONK is DezXAZ8z7PnrnRJjz3wXBoRgixCa6xjnB7YaB1pPB263. Verify before swapping — fake BONK tokens exist.
Does BONK have utility?
BONK is primarily a community and cultural token on Solana. It is used for tipping, community rewards, and DeFi trading, but it has no cash flow or governance rights that would support a fundamental valuation.
What slippage should I use for a BONK swap?
1% is standard for BONK/SOL and BONK/USDC swaps. Use higher slippage only for very large amounts relative to pool depth.
Is BONK safe?
BONK is a memecoin with no guaranteed value. It has drawn down more than 90% from prior highs multiple times. SwapKing does not guarantee the safety of any SPL token.