Here’s All You Need To Know About BONK

January 07, 2023 Story: Divya Sinha

Bonk is a Shiba Inu-themed token that was issued on Decmber 25.

It is the first Solana’s dog coin and as per Coingeeko data, the Bonk price skyrocketed by 1353.5% in 7 days.

[{"selector":"#anim-dcc6eb37-cf6f-4a86-98b6-e80939b52f80","keyframes":{"transform":["translate3d(129.41178%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3c3a4064-622b-4b1e-b0bf-2777b92924f3","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1ff25cb9-6462-4ea1-9c08-26f59eed8fcd","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

Bonk coin was airdropped to several Solana NFT projects and which steadily gained interest among holders.

[{"selector":"#anim-4ad140cb-b3f0-4b3c-9046-cd1c449f0091","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-10ba6000-d06b-4ec0-9a7b-2193ee6d1c87","keyframes":{"transform":["translate3d(122.59260%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Overall, 50% of the total number of coins will be distributed as an airdrop.

[{"selector":"#anim-a209dd07-b11b-4048-aebe-be87282fa3c0","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9300be3b-a85b-4d1e-92ae-46e4c65512e5","keyframes":{"transform":["translate3d(125.55555%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Solana’s token price tumbled 94% in December but its price surged 33.5% in the last 7 days.

[{"selector":"#anim-ea88f1f7-2893-401b-8dc9-29659ed7fb61","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-84554c28-75a2-420e-85cb-00e2c15a216b","keyframes":{"transform":["translate3d(126.29630%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

It is considered that part of Solana’s price increased because of rising interest among Solana community members for Bonk.

[{"selector":"#anim-f727d817-cfda-4dcc-91ce-4fd2e29009f7","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-366d8635-ff2b-43ea-8575-feafa5d073ec","keyframes":{"transform":["translate3d(116.96114%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

However, as per token-rich list data shared by a Twitter user, the top 20 wallet addresses own almost 50% of total token.

[{"selector":"#anim-ec50dbd2-4184-41a3-b4e5-11dbda35172e","keyframes":{"transform":["translate3d(352.38103%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(.2, 0, .8, 1)","fill":"both"}] [{"selector":"#anim-755298f8-98fd-44d7-a69a-ca21b7a682b7","keyframes":{"transform":["rotateZ(180deg)","rotateZ(0deg)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(.2, 0, .5, 1)","fill":"forwards"}] [{"selector":"#anim-dd328922-7236-4220-adc9-50f9df3ec551","keyframes":{"transform":["translate3d(125.92592%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b840fbe2-6433-4c76-98da-ff586c6d53f2","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a1730dc5-781c-4576-b9bd-dc09bcea5a63","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] More Crypto Stories...