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Glossary

BONK

The first major Solana memecoin — December 2022 airdrop to Solana NFT holders helped re-energize the Solana ecosystem during the post-FTX bottom.

BONK launched in December 2022 with a community airdrop of 50% of its supply to Solana NFT holders, validators, and developers. The token's rise — into the top memecoins by market cap — coincided with and partly drove Solana's broader recovery from the post-FTX trough.

BONK became the cultural anchor of Solana's 2023–2024 memecoin season, paving the way for WIF, MEW, popcat, and the broader pump.fun-driven memecoin economy.