As per its one-pager, BONK emerges as the inaugural dog-themed coin on Solana, characterized as "for the people, by the people," with 50% of its total supply distributed via airdrop to the Solana community. Bearing similarities to memecoins like Shiba Inu (SHIB) and Dogecoin (DOGE), BONK was introduced on December 25, 2022, catalyzing a notable surge in the price of the SOL token, experiencing a 34% increase within 48 hours. Trading commenced on December 30, 2022, sparking genuine interest within the crypto community. The primary objective of the team is to restore liquidity to decentralized exchanges (DEXs) based on Solana. Developers envisioned creating a comprehensive community coin intended for utilization across all Solana-based dApps, offering every user an opportunity to engage in the ecosystem, promoting fairness for all participants. BONK was distributed randomly to Solana NFT collectors, developers, and artists, with additional specifics regarding the airdrop remaining undisclosed. Presently, the project maintains a limited online presence, apart from an active Twitter account.