Bonk is a token built on the Solana blockchain platform. BONK officially appeared in December 2022 and was inspired by the popular BONK meme on social media.
Bonk makes up a small 3.4% share of the meme coin market, which is understandable since it only started to gain huge relevance in 2023. The expansion and growth of the Solana blockchain has contributed part in its enormous success over the past year. However, by 2024, BONK became prominent on every cryptocurrency forum thanks to its spectacular price increases and the potential to conquer even higher capitalization levels.