What Is Bonk (BONK)? The Solana Meme Coin
Bonk is the dog-themed Solana meme coin whose December 2022 fair-launch airdrop kickstarted Solana's recovery. Here's what BONK is, what it actually does and the honest risks.
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Bonk is the dog-themed Solana meme coin whose December 2022 fair-launch airdrop kickstarted Solana's recovery. Here's what BONK is, what it actually does and the honest risks.
The drawdown is the easy headline; the more interesting signal is the conviction — a KOL whose on-chain net worth has fallen from $67M to $11M hasn't trimmed a single position.
The contraction signals weaker speculative demand, while Murad’s memecoin-only portfolio lost roughly 85%, falling from a $67M peak to around $10M in one year.