Bonk (BONK) is the first dog-themed meme coin on the Solana blockchain, with 50% of its total supply airdropped directly to the Solana community. Similar to Dogecoin (DOGE) and Shiba Inu (SHIB), BONK aims to restore liquidity to Solana-based decentralized exchanges (DEXs) and foster a fair, community-driven ecosystem.
BONK, which declined by 7.55% over the past 24 hours and at the time of writing, is among today's notable movers.
The recent announcement by the Solana-based memecoin platform LetsBONK to use part of its revenue to buy back popular tokens in its ecosystem may have previously triggered an increase in BONK's price.
