Even those who follow the cryptocurrency market from a distance have noticed the growing interest in dog-themed memecoins. Memecoins like Dogecoin 
$0.334229 (DOGE) and Shiba Inu (SHIB) have made headlines by turning many into overnight millionaires. Dogecoin, in particular, gained rapid prominence with the support of billionaire Elon Musk, sparking a memecoin frenzy. In this wave, numerous memecoins were launched, and one of the recent ones attracting attention is Bonk (BONK). In this article, you will find answers to questions like what is Bonk, what is BONK coin, and how to buy BONK on major cryptocurrency exchanges such as Binance.
What Is Bonk?
Bonk is the largest memecoin operating on the Solana 
$197 Blockchain. The purpose of Bonk is to bring liquidity back to the Solana ecosystem. Developers describe Bonk as a memecoin “created by the people, for the people.” BONK coin is essentially a Solana Program Library (SPL) token and adopts Solana Blockchain’s Proof of History (PoH) and Proof of Stake (PoS) consensus mechanisms.
Although the developers of Bonk remain anonymous, they have provided some background about the origins of the memecoin, following in the footsteps of Shiba Inu’s creator. While the individual creator(s) are unknown, the token’s creation is associated with Dexlabs, a decentralized exchange and launchpad.
The Bonk team expressed that they were tired of the toxic tokenomics created by Alameda on the Solana Blockchain and introduced BONK as a fun memecoin that gives everyone a fair chance. Bonk was created to restore the liquidity of DEX platforms within the Solana ecosystem, which had been struggling in the weeks leading up to its launch.
November and December 2022 were challenging months for Solana investors, as the Solana ecosystem suffered significant damage due to the FTX and Alameda scandal. The collapse of Alameda and the sharp decline in SOL caused many investors to lose confidence in the ecosystem, further reducing liquidity. Bonk began working on a dog-themed memecoin before Solana’s collapse and launched BONK coin on December 25, 2022. As promised, a significant portion of the memecoin’s supply was distributed via AirDrop to Solana artists, collectors, and developers, contributing to the recovery of liquidity on the Solana Blockchain.
Where to Buy BONK Coin?
BONK coin can be securely traded on Binance, the world’s largest cryptocurrency exchange by trading volume. BONK coin was listed on Binance on December 15, 2023, and is available for trading in BONK/USDT, BONK/FDUSD, and BONK/TRY pairs.
To buy BONK coin, users must first register on the Binance exchange (if they haven’t already). After completing the registration process, they need to transfer funds such as cryptocurrency or fiat currency like USD to their Binance wallet. Once the transfer is complete, BONK coin can be purchased through any of the three trading pairs mentioned above.
To purchase through the BONK/USDT trading pair, users must first navigate to the interface of this trading pair. In the limit tab of the trading pair interface, the desired purchase amount is entered into the specified field. After entering the amount, the purchase is completed by placing a Buy BONK order.
