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What is a Bonk airdrop?

Airdrops are a way for projects to give back to a community with free crypto coins or tokens. It’s also often a tactic used by blockchain-based startups to help bootstrap a project and create hype and awareness. With meme coin season in full swing in 2024, this guide covers everything you need to know about the Bonk airdrop.

Is bonk a meme coin?

As is common with meme coins, Bonk promotes a lighthearted and welcoming community around crypto. In December 2022, a Bonk airdrop was announced for the Solana community, with the token distribution completed by January 2023. In all, 50% of the currency’s entire supply was donated to Solana users.

What is a Bonk coin?

The Bonk coin is issued by the decentralized organization BonkDAO, which is based on the Solana blockchain. Prior to December of 2022, only those who actively follow the Solana development had heard of it.

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