Bonk

Today's narrative state: Bonk is trading at $0.00000415 after a 30-day move of -21.1%. As a memecoin, Bonk's price action is dominated by attention dynamics and social-media flow, not by the kind of utility metrics that drive fundamentally-anchored crypto assets.

Liquidity and risk: Realized 30-day volatility sits at 183% annualized — multiples higher than top-10 crypto assets. The asset has sold off 21.1% over the past 30 days, illustrating the magnitude of moves typical for this asset class. Position-sizing should reflect the risk of single-day moves above 20%, which are not unusual for memecoins under attention waves.

What to watch: Holder concentration shifts (large wallets quietly accumulating or distributing), exchange flows (especially deposits suggesting upcoming sells), and the social-media volume trajectory. Memecoins move on narrative, and the narrative leaves footprints before it shows up in the price.

Looking past Bitcoin alone, how closely BONK tracks the next two biggest layer-1s over 90 days indicates whether it is mostly market beta or something more independent. The daily-log-return correlations:

• Bitcoin reference: +0.37 — a weak positive relationship.
• Ethereum reference: +0.38 — a weak positive relationship.
• Solana reference: +0.37 — a weak positive relationship.

Strong correlation to multiple references typically indicates that the asset trades primarily as crypto-market beta — moves in BTC/ETH/SOL drive most of the price action, and stand-alone alpha is harder to capture. Weak or negative correlations indicate idiosyncratic drivers (project-specific news, sector rotation within crypto, or narrative shifts) that can produce returns uncorrelated with the broader market.

Bonk (BONK) is a cryptocurrency, traded on global digital-asset markets. It trades at $0.00000415 as of the latest update, with a 24-hour move down 4.38%, placing it at rank #120 by market capitalisation among all listed digital assets. Bonk's current market cap stands at $321.29M, a figure used by traders, analysts and institutional desks to gauge relative liquidity and risk exposure across the crypto market.

On this page you'll find a live, daily-refreshed dashboard tracking Bonk across multiple data sources — price history going back several years, on-chain activity where available, fundamentals like circulating supply and dilution, top exchanges by volume, technical analysis using moving averages and RSI, and an algorithmic short, mid and long-term forecast. All figures are pulled from public APIs and cached locally; nothing here is investment advice.

Bonk is a memecoin — a cryptocurrency whose primary value driver is cultural and narrative rather than utility. Memecoins have repeatedly demonstrated the ability to generate outsized returns during attention waves, and equally outsized drawdowns when attention shifts elsewhere. They are a distinct asset category and should be evaluated by different criteria than utility tokens or layer-1 chains.

Bonk (BONK) is a mid-cap asset in the broad top 250, ranked #114 among all tracked tokens by capitalisation. About 87% of the maximum BONK supply is in circulation today (77.42T of 88.87T), leaving a moderate emission stream still to come. It currently trades about 93% below its all-time high of $0.00005905 set in November 2024.

Bonk (BONK) is a memecoin: typically an ERC-20 (on Ethereum) or SPL (on Solana) token with minimal protocol-level technology behind it. There is usually no novel consensus mechanism, no smart-contract platform, and no significant on-chain utility. Value derives from community, narrative, attention, and the social-coordination dynamics that drive memes themselves.

Memecoins typically have very high concentration on a small number of wallets — sometimes deliberate, sometimes the consequence of early-stage organic adoption. This means price action is dominated by holder behavior at the top of the distribution, not by network fundamentals.

Bonk (BONK) is a mid-cap asset in the broad top 250, ranked #114 among all tracked tokens by capitalisation. About 87% of the maximum BONK supply is in circulation today (77.42T of 88.87T), leaving a moderate emission stream still to come. It currently trades about 93% below its all-time high of $0.00005905 set in November 2024.

Bonk is primarily used for speculation, community participation, and — in some cases (notably DOGE) — tipping and small payments. Most memecoins do not have significant non-speculative use cases by design. The token is the meme, and the meme is the network effect.

Daily volume runs at about 5.6% of market capitalisation ($17.86M in the last 24 hours), in the normal band for a coin of this size and supportive of orderly entries and exits.

Bonk's tokenomics combine its supply schedule, current circulating supply, and the relationship between circulating market cap and fully-diluted valuation. At 87.1% of maximum supply already issued, the remaining issuance is a relatively small fraction of total potential supply. Sell pressure from future issuance is therefore limited. The fully diluted valuation (FDV) of $0.4 billion stands at 1.1× the current circulating market cap of $0.3 billion. The wider this ratio, the more issuance overhang the asset faces — a structural headwind on valuation that mature assets like Bitcoin do not face but that early-cycle assets typically do.

For thesis-building, the relevant question is whether the structural value-accrual mechanism (fee burns, staking-yield reinvestment, deflationary supply mechanics, ecosystem TVL growth) outpaces the structural emission pressure. When it does, the price tends to grind higher over multi-quarter windows even without speculative momentum; when it does not, the asset typically requires consistent narrative-driven demand to absorb the issuance.

The macro picture for digital assets turns on three levers — Federal Reserve policy, the path of dollar liquidity, and broad risk sentiment. Historically the whole asset class has tracked the global liquidity cycle closely, expanding in easing regimes and contracting when financial conditions tighten.

For cross-asset context, monitor the dollar (a headwind when it strengthens), long-term Treasury yields (the discount rate on risk), gold (a sometime companion in monetary-debasement narratives), and the S&P 500 (often correlated with crypto on liquidity-driven swings even though crypto is popularly billed as uncorrelated).

For Bonk specifically, the macro variable that has empirically led price most often is global crypto-market liquidity — proxied by stablecoin total supply, futures open interest, and exchange volumes. When these expand, BONK tends to follow; when they contract, the relationship typically reverses. With a comparatively loose 90-day BTC correlation of +0.37, BONK has shown more idiosyncratic price behaviour than the average large-cap — its own catalysts can matter as much as the broad liquidity tide.

Memecoins carry materially elevated risk versus other crypto assets. Specific concerns: extreme volatility (50–90% drawdowns are not unusual), high holder concentration (large wallets can move price decisively), narrative dependence (when the meme fades, the price fades), pump-and-dump dynamics (especially in newer launches), and a rug-pull-adjacent history of similar tokens. Statistical forecast models perform poorly on memecoins because their price action is dominated by social-media and attention dynamics that those models do not capture. Position size accordingly.