What Is BONK and Why Did It Gain So Much Attention?

[nihalsari]

BONK is a meme-inspired cryptocurrency built on the Solana network. It launched in late 2022 with a community-first distribution model, airdropping tokens to Solana users, developers, and NFT holders rather than concentrating supply among insiders.

BONK gained traction because it arrived at a moment when Solana needed renewed community momentum. Its playful branding, fast and cheap transactions, and emphasis on grassroots participation helped it evolve from a joke token into one of the most actively traded assets in the Solana ecosystem.

[ed]

bonk feels like what happens when a meme actually sticks around long enough to do stuff