As the first meme coin in the Solana eco, BONK has continued to attract market attention since its launch at the end of 2022. Despite a drop of over 80% from its high point in early 2023, BONK remains one of the most controversial targets in the cryptocurrency field, thanks to Solana‘s technological revival and community cultural penetration. This article will analyze the price potential of BONK in 2025 from four dimensions: ecological positioning, market cycle, technical indicators, and competitive landscape.
BONK was born in the trough of the Solana eco (December 2022), with its core narrative being “activating user participation through airdrops to reshape Solana’s decentralized culture.” The project team airdropped 50% of the total token supply to developers, artists, and ordinary users, quickly accumulating over 400,000 holding addresses. This aggressive community distribution model has made it the “social currency” of the Solana eco - with over 200 projects accepting BONK payments, including in-app purchases in the Solana mobile game Saga, ranging from NFT trading to DeFi protocols.
By 2024, BONK has surpassed Dogwifhat (WIF) to become the meme token with the highest on-chain trading volume on the Solana network, with daily on-chain active addresses stabilizing at over 50,000. If the Solana eco continues to expand, especially in consumer-level application scenarios, the practical value of BONK as a ‘cultural symbol’ may be further magnified.
Historical data shows that the market of meme coin often lags behind the bull market of mainstream coins. For example:
The current circulating market value of BONK is only 940 million US dollars, which is still significantly lower than DOGE (23 billion US dollars) and SHIB (7 billion US dollars). If market sentiment shifts, there is a possibility of its market value impacting 5-10 billion US dollars, corresponding to a price range of 0.00006-0.00012 US dollars (a 5-10x increase from the current price).
Despite BONK’s emphasis on decentralization, on-chain data reveals potential risks:
However, the BONK community governance recently passed a proposal to allocate a portion of the transaction fees to token burning. If the annual burn rate can reach 3%-5%, it may help alleviate inflation issues and provide support for the price.
BONK faces competition from multiple parties:
But BONK has the “first-mover advantage” - its deeply integrated eco applications (such as the BonkBot trading robot processing 200,000 transactions per day on average) constitute a competitive barrier. If Solana makes breakthroughs in the payment and gaming sectors, BONK may become a medium of value circulation within the eco.
Based on the above variables, we construct three possible price paths:
Scenario 1: Bear market continues (20% probability)
Scenario 2: Mild Recovery (50% probability)
Scenario 3: Bull Market Frenzy (30% probability)
BONK’s 2025 Price trend Will depend on two core factors:
For investors, BONK is more suitable as an “ecological Beta” allocation rather than a long-term value storage target. It is recommended to closely monitor the Solana developer activity index, token burning data, and CEX listing dynamics, and use the fluctuation range for swing trading.