Aleksei Dolgikh 2025

I'm bullish on $BONK with $RAY SDK that @Raydium team give to #bonkfun for #Meme Alpha# for all of our crazy launch ideas like my #DLGH token on $JUP and soon on Raydium w BONK 😂 Stay tuned and let's with @CoinMarketCap launched at Dubai 🇦🇪 #CMC VIP# event by @CaptainRush thhhe #CMCAI Deep Dive

1. Purpose & Value Proposition

BONK launched in December 2022 as Solana’s first dog-themed meme coin, aiming to reverse the network’s post-FTX liquidity crisis. Unlike purely speculative meme coins, it allocated 50% of its 88.3 trillion total supply to Solana developers, artists, and NFT collectors (CoinMarketCap). This strategy:

- Revived trading volume on Solana DEXs like Orca, generating $20M in initial activity

- Created embedded utility via partnerships with gaming platforms (e.g., Bonk Arena’s kill-to-earn mechanics) and DeFi protocols

2. Tokenomics & Governance

Supply: 80.5T circulating (91% of max) – high inflation risk mitigated by burns (1T planned at 1M holders)

Demand drivers:

35% of   LetsBonk.fun fees fund BONK buybacks (July 2025 community post)

Validator partnerships (e.g., DeFi Development Corp) share staking rewards with holders

Concentration risk: Top 10 wallets hold just 0.15% of supply, reducing whale manipulation potential

3. Ecosystem & Adoption

BONK’s integration into Solana’s infrastructure fuels its relevance:

-   LetsBonk.fun: Dominates 55% of Solana memecoin launches, generating $34M daily fees (July 2025)

- Gaming: Bonk Arena directs 50% of revenue to token burns and charity

- Institutional traction: Added to Grayscale’s watchlist; leveraged ETF rumors (unconfirmed as of July 24, 2025)

Conclusion

BONK combines meme virality with tangible Solana ecosystem utility, though its long-term viability depends on sustaining developer activity amid fierce memecoin competition. Can BONK’s burn mechanisms and gaming partnerships offset its inflationary token model if the broader meme coin market cools?