Bonk

BONK arrived on Christmas Day 2022 as a morale gift to a bruised Solana ecosystem. Its paper promised 50 trillion tokens—half of an initial 100 trillion—to NFT communities, traders, artists and developers rather than selling them at a venture valuation.

The category table does not reconcile with that slogan. The four “airdrop” lines add to 52%, while every named allocation adds to 99%. The missing 1% and the two-point airdrop mismatch remain in the official paper, so “50% fair airdrop” is a project headline rather than a complete allocation ledger.

The paper reserved 21% for 22 early contributors, vested linearly for three years from January 1, 2023; 16% for BONK DAO; 5% for liquidity; and 5% for marketing. Wide distribution at launch therefore coexisted with large coordinated pools.

It also names 14661346 Canada Ltd. as the company contributing code and ecosystem work. The document explicitly denies a fiduciary relationship and gives the company and affiliates discretion over future product timing. “Community coin” describes distribution and culture; it does not erase organizations.

The canonical SPL mint is DezXAZ8z7PnrnRJjz3wXBoRgixCa6xjnB7YaB1pPB263. On 5 September 2026 it recorded five decimals and roughly 88 trillion BONK after burns. Both mint and freeze authorities were null: this mint cannot issue additional BONK or use the SPL account-freezing function.

The earlier metadata check found that its update authority could still change the displayed information. That power concerns metadata, not new supply. Burning instead destroys existing balances: it lowers the supply counter but does not oblige a bot, the DAO or a company to continue burning.

The paper assigned 16% to a Realms-based DAO. Its later profile said an 11-person Governing Council primarily governed the treasury and that broader holders would receive selected decision rights over time. Holding BONK was never identical to holding corporate equity or an automatic veto.

In April 2024 the DAO invited holders to vote on burning 278,393,137,215 BONK earned through a BONKBot revenue-share arrangement. That vote made token-weighted participation visible, but it also used a 1% public quorum alternative to council participation.

On 6 July 2026, a successful governance transaction associated with BIP-76 transferred approximately 4,426,104,450,305 BONK from the treasury. QuillAudits reconstructed about 882.38 billion yes votes, a 1% approval threshold and no execution delay. The transaction establishes a movement of already-issued tokens; those voting details come from the reconstruction, and do not establish who controlled the voting wallets or whether later safeguards changed.

BONK now appears across swaps, trading tools, launchpads, games, sports and financial products. The current site itself marks several as independent: BONKUJI is operated by CryptoGames Inc., BONK Fun is a community launchpad, and linked investment products have their own issuers and eligibility.

The paper is equally direct about holder rights. BONK is non-refundable and carries no shareholding, dividend, revenue, redemption, corporate vote or claim on company assets. A DAO proposal may grant a temporary vote in one process; it does not convert every token into ownership of the Foundation, a bot or every product bearing the dog.