Up to date January sixteenth 2025. At its present worth of $0.00002858 the BONK meme coin is up round 110% 12 months on 12 months. Whereas this improve is respectable, it pales compared to the extraordinary 7,000% surge noticed from June 2023 to June 2024.
This phenomenon is widespread amongst cryptocurrencies that have sudden mass consciousness. Initially, as an obscure token good points recognition, early traders can understand substantial returns as a result of speedy inflow of recent patrons. Nonetheless, as soon as a cryptocurrency turns into extensively recognized and achieves vital market capitalization, replicating such exponential development turns into exceedingly difficult. The market turns into saturated, and the sheer quantity of capital required to drive related share will increase is considerably larger.
Consequently, many traders flip their consideration to lesser-known ‘presale’ tokens, in search of the potential for related awareness-driven surges.
On this weblog put up, we’ll clarify what BONK coin is, the way it was launched, what makes it distinctive, and the place you should purchase it.
What’s Driving The BONK Coin worth?
In December 2024, the Bonk DAO initiated the “BURNmas” occasion, aiming to burn at the least 1 trillion BONK tokens by December 25 to cut back provide and probably increase worth. The occasion exceeded expectations, with roughly 1.69 trillion tokens (price over $51 million) faraway from circulation.
BONK present worth is $0.00002855 with a marketcap of $2,181,111,299.00. Its worth is 3.84% up in final 24 hours. Supply: Courageous New Coin Bonk market information.
In distinction, Bitcoin’s whole provide is capped at 21 million cash, making any discount in its provide proportionally extra impactful. The substantial distinction in provide sizes signifies that token burns should be significantly bigger in high-supply tokens like BONK to realize the same impact on shortage and worth.
Bonk Worth Predictions 2025
Analysts have supplied blended forecasts for BONK. Some predict a possible 30% rally if the token maintains assist on the $0.000025 degree, whereas others warning about doable declines if it falls beneath this threshold. The common evaluation of six main platforms has a peak worth of BONK in 2025 at $0.00003864 – barely a 35% improve.
| Analyst | Worth |
|---|---|
| Binance | $0.000029 |
| Changelly | $0.0000352 |
| Benzinga | $0.0000284 |
| BTC Direct | $0.000064 |
| Bitget | $0.00003226 |
| 99Bitcoins | $0.000043 |
| Common | $0.00003864 |
What’s BONK?
Like PEPE and DOGE, BONK is a meme coin impressed by web memes, jokes, and satire. Meme cash aren’t designed with a selected use case in thoughts, however relatively as a technique to specific humor, creativity, and social commentary by way of cryptocurrency.
Whereas BONK is much like DOGE and SHIB in that it contains a cute canine as its mascot and brand, it differs from them in a number of methods.
1. BONK is constructed on Solana. Known as the ‘Ethereum killer’ when it launched, Solana is a quick, scalable, and low-cost blockchain platform that helps sensible contracts and decentralized functions with over 400 dApps at the moment operating on its community (Solana can be residence to 2024’s different stellar performer Dogwifhat).
2. BONK was launched with an enormous airdrop on December 25, 2022, as a Christmas present to the Solana group. 50% of the entire provide of 100 trillion cash was distributed to Solana customers who contributed to the event and development of the community ultimately. This included artists, creators, builders, NFT collectors, and energetic group members. The airdrop was finished randomly and anonymously, with none pre-announcement or advertising.
3. BONK’s integration with the Solana ecosystem. BONK’s whitepaper outlines its ambition to develop into the “group coin of Solana,” used throughout quite a few decentralized functions. The undertaking goals to problem the dominance of “predatory VC tokens” by empowering the broader Solana group. That is evident in its method to airdropping 50% of its whole provide.
The coin is accepted as a cost choice for NFTs on a number of platforms, resembling OpenBook and Orca. It is usually used as an incentive for staking NFTs on platforms like SolFarm and BonkStake. Furthermore, BONK is listed on a number of fashionable crypto exchanges that assist Solana-based tokens, resembling Coinbase, Binance and Serum.
BONK has a number of options that make it stand out from different meme cash. One among them is its community-driven nature. The workforce behind BONK doesn’t have any management over the coin’s provide or path. As an alternative, they’ve delegated 15% of the entire provide to a decentralized autonomous group (DAO) known as Bonk DAO. The Bonk DAO is accountable for making choices relating to the longer term improvement and governance of BONK. Anybody who holds BONK tokens can take part within the Bonk DAO by voting on proposals or submitting their very own concepts. The latest burn vote is sweet instance of the Bonk group working collectively to extend BONK’s worth.
How and The place to Purchase BONK
BONK could be bought on centralized exchanges (CEX) like Coinbase, Crypto.com, Kraken, KuCoin, Binance, OKX and decentralized exchanges (DEX) resembling Raydium, Orca, and BonkSwap. Ethereum customers may also acquire publicity to BONK by way of Wrapped BONK tokens.
Tokenomics of BONK
- Market Place: As of January sixteenth 2025, BONK is the 4th-largest meme coin by market cap (at $2.15B), following DOGE, Shiba Inu, and PEPE, and is the 57th largest crypto total.
- Development: BONK is up 110% year-on-year
- Provide Particulars: The coin has a most provide of 90 trillion, with 73 trillion in circulation as of January 2025.
The Historical past Of BONK
BONK’s worth momentum started surging in October 2023, after the introduction of single-sided staking BONK swimming pools. This function allowed BONK token holders to earn a yield on BONK with out having to deposit a second asset that BONK would commerce towards.
At the moment users, transaction charges, and the variety of BONK transactions surged. Components in BONK’s worth momentum in 2024 included a list on the Revolut app in April, making it accessible to a broader viewers within the European Union, the UK and different eligible nations. The addition of Revolut means BONK now has spectacular alternate and app availability and is tradable on Coinbase, Kraken, ByBit, Crypto.com, OKX and round 25 different dexes and exchanges.
Different meme cash which have an extended historical past and related giant market caps, like PEPE, have been ignored by main exchances, however with BONK the ‘Itemizing Impact’ is clearly evident. These listings have boosted the mainstream legitimacy of the BONK token and launched it to a a lot bigger consumer base. As well as, BONK perpetual swap derivatives could be traded on the favored buying and selling platform, Bitmex, with as much as 10x leverage.
Additionally in April, the Bonk DAO permitted a historic proposal to burn over 278 billion BONK tokens, representing virtually 5% of the entire provide. This transfer was aimed toward creating shortage and probably rising the token’s worth. The BONK group overwhelmingly supported the proposal, with 99.9% voting in favor. Following the burn announcement, BONK skilled a big worth surge, rising by 40% in lower than 24 hours. An identical tactic was tried in December – though, as mentioned above, the outcomes have been much less spectacular.
In 2024, most main meme cash rode the wave of Bitcoin’s momentum, however their good points have been considerably better – for causes defined right here. As we start 2025 BONK’s place as a high meme coin seems assured, however the probabilities of 7000% good points sooner or later are principally zero.