Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
Following
BONK Solana Ecological memecoin BONK rose sharply
Memecoin BONK on the Solana chain has far outstripped the broader market, rising 18.6% in the past 24 hours and about 30% in the past week, trading at close to US$0.0000316. The increase this week was about three times the increase in the entire cryptocurrency market, with trading volume rising 63% to $107 million over the same period.
Risk appetite drives gains
No specific token catalyst has been found to drive BONK's rise. The token's rally is consistent with the overall shift in risk appetite in the cryptocurrency market, which is also consistent with memecoin's typical performance when the market generally pursues speculative assets. The price of BONK is affected by overall crypto market sentiment and macroeconomic conditions. In a risk-oriented environment, investors seek high-yield and highly speculative assets, and memecoin such as BONK may benefit.
BONK is the first dog-themed memecoin built based on the Solana blockchain. Since its launch in December 2022, it has accumulated a relatively active community foundation in the memecoin field.
The token destruction narrative remains a background factor
Parallel to price movements, there is a long-standing community plan to destroy a large number of tokens when the number of holders reaches a certain milestone. The BONK agreement stipulates that once the number of chain holders reaches 1 million, 1 trillion tokens will be destroyed, which will be one of the largest demolitions in the history of the token and significantly reduce the circulation supply. As of mid-2025, BONK has exceeded 1 million holders, a considerable achievement in community expansion.
The destruction of 1 trillion coins accounts for approximately 1.3% of BONK's total supply, aiming to reduce circulation supply and create scarcity. However, the direct economic impact of the incident on prices may be limited, and its psychological effects are often more likely to stimulate investor interest and reignite community enthusiasm. In the memecoin market, token destruction is often used as a narration-driven catalyst rather than a purely economic event.
This dynamic seems to be happening again: although the current price movement is mainly due to macro sentiment rather than BONK-specific on-chain developments, the destruction plan still provides positive background support for the market.
