Updated January 16th 2025. At its current price of $0.00002858 the BONK meme coin is up around 110% year on year. While this increase is respectable, it pales in comparison to the extraordinary 7,000% surge observed from June 2023 to June 2024.

This phenomenon is common among cryptocurrencies that experience sudden mass awareness. Initially, as an obscure token gains recognition, early investors can realize substantial returns due to the rapid influx of new buyers. However, once a cryptocurrency becomes widely known and achieves significant market capitalization, replicating such exponential growth becomes exceedingly challenging. The market becomes saturated, and the sheer volume of capital required to drive similar percentage increases is substantially higher.

Consequently, many investors turn their attention to lesser-known ‘presale’ tokens, seeking the potential for similar awareness-driven surges.

In this blog post, we will explain what BONK coin is, how it was launched, what makes it unique, and where you can buy it.

What’s Driving The BONK Coin price?

In December 2024, the Bonk DAO initiated the “BURNmas” event, aiming to burn at least 1 trillion BONK tokens by December 25 to reduce supply and potentially boost value. The event exceeded expectations, with approximately 1.69 trillion tokens (worth over $51 million) removed from circulation.

BONK current price is $0.00002855 with a marketcap of $2,181,111,299.00. Its price is 3.84% up in last 24 hours. Source: Brave New Coin Bonk market data.

In contrast, Bitcoin’s total supply is capped at 21 million coins, making any reduction in its supply proportionally more impactful. The substantial difference in supply sizes means that token burns must be considerably larger in high-supply tokens like BONK to achieve a similar effect on scarcity and value.

Bonk Price Predictions 2025

Analysts have offered mixed forecasts for BONK. Some predict a potential 30% rally if the token maintains support at the $0.000025 level, while others caution about possible declines if it falls below this threshold. The average analysis of six major platforms has a peak price of BONK in 2025 at $0.00003864 – barely a 35% increase.

Analyst Price Binance $0.000029 Changelly $0.0000352 Benzinga $0.0000284 BTC Direct $0.000064 Bitget $0.00003226 99Bitcoins $0.000043 Average $0.00003864 What is BONK?

Like PEPE and DOGE, BONK is a meme coin inspired by internet memes, jokes, and satire. Meme coins are not designed with a specific use case in mind, but rather as a way to express humor, creativity, and social commentary through cryptocurrency.

While BONK is similar to DOGE and SHIB in that it features a cute dog as its mascot and logo, it differs from them in several ways.

1.  BONK is built on Solana. Referred to as the ‘Ethereum killer’ when it launched, Solana is a fast, scalable, and low-cost blockchain platform that supports smart contracts and decentralized applications with over 400 dApps currently running on its network (Solana is also home to 2024’s other stellar performer Dogwifhat).

2. BONK was launched with a massive airdrop on December 25, 2022, as a Christmas gift to the Solana community. 50% of the total supply of 100 trillion coins was distributed to Solana users who contributed to the development and growth of the network in some way. This included artists, creators, developers, NFT collectors, and active community members. The airdrop was done randomly and anonymously, without any pre-announcement or marketing.

3. BONK’s integration with the Solana ecosystem. BONK’s whitepaper outlines its ambition to become the “community coin of Solana,” used across numerous decentralized applications. The project aims to challenge the dominance of “predatory VC tokens” by empowering the wider Solana community. This is evident in its approach to airdropping 50% of its total supply.

The coin is accepted as a payment option for NFTs on several platforms, such as OpenBook and Orca. It is also used as an incentive for staking NFTs on platforms like SolFarm and BonkStake. Moreover, BONK is listed on several popular crypto exchanges that support Solana-based tokens, such as Coinbase, Binance and Serum.

BONK has several features that make it stand out from other meme coins. One of them is its community-driven nature. The team behind BONK does not have any control over the coin’s supply or direction. Instead, they have delegated 15% of the total supply to a decentralized autonomous organization (DAO) called Bonk DAO. The Bonk DAO is responsible for making decisions regarding the future development and governance of BONK. Anyone who holds BONK tokens can participate in the Bonk DAO by voting on proposals or submitting their own ideas. The recent burn vote is good example of the Bonk community working together to increase BONK’s value.

How and Where to Buy BONK

BONK can be purchased on centralized exchanges (CEX) like Coinbase, Crypto.com, Kraken, KuCoin, Binance, OKX and decentralized exchanges (DEX) such as Raydium, Orca, and BonkSwap. Ethereum users can also gain exposure to BONK through Wrapped BONK tokens.

Tokenomics of BONK Market Position: As of January 16th 2025, BONK is the 4th-largest meme coin by market cap (at $2.15B), following DOGE, Shiba Inu, and PEPE, and is the 57th largest crypto overall. Growth: BONK is up 110% year-on-year Supply Details: The coin has a maximum supply of 90 trillion, with 73 trillion in circulation as of January 2025. The History Of BONK

BONK’s price momentum began surging in October 2023, after the introduction of single-sided staking BONK pools. This feature allowed BONK token holders to earn a yield on BONK without having to deposit a second asset that BONK would trade against.

At that time users, transaction fees, and the number of BONK transactions surged. Factors in BONK’s price momentum in 2024 included a listing on the Revolut app in April, making it accessible to a broader audience in the European Union, the UK and other eligible countries. The addition of Revolut means BONK now has impressive exchange and app availability and is tradable on Coinbase, Kraken, ByBit, Crypto.com, OKX and around 25 other dexes and exchanges.

Other meme coins that have a longer history and similar large market caps, like PEPE, have been ignored by major exchances, but with BONK the ‘Listing Effect’ is clearly evident. These listings have boosted the mainstream legitimacy of the BONK token and introduced it to a much larger user base. In addition, BONK perpetual swap derivatives can be traded on the popular trading platform, Bitmex, with up to 10x leverage.

Also in April, the Bonk DAO approved a historic proposal to burn over 278 billion BONK tokens, representing almost 5% of the total supply. This move was aimed at creating scarcity and potentially increasing the token’s value. The BONK community overwhelmingly supported the proposal, with 99.9% voting in favor. Following the burn announcement, BONK experienced a significant price surge, increasing by 40% in less than 24 hours​. A similar tactic was attempted in December – although, as discussed above, the results were less spectacular.

In 2024, most major meme coins rode the wave of Bitcoin’s momentum, but their gains were significantly greater – for reasons explained here. As we begin 2025 BONK’s position as a top meme coin appears assured, but the chances of 7000% gains in the future are basically zero.