Bonk wallet

What is Bonk (BONK)?

A dog coin born on Solana and still living there. Bonk (BONK) is an SPL token that started as a giveaway to Solana users: half of the original 100 trillion supply was airdropped to NFT collectors, developers and artists at a moment when the network's mood was at its lowest. There was no venture round and no presale, which is the point of the "by the people" story the community tells about it.

Since then the token has grown a small product ecosystem of its own: a Telegram trading bot, a swap, a memecoin launchpad, and a habit of burning part of the fees those products collect, so the supply shrinks over time rather than grows. None of that changes what a holder actually owns: a plain fungible token with no rebase, no interest and no claim on anything but its own scarcity.

What holding BONK looks like in practice

• Home network is Solana. Fees are paid in SOL, and the first time BONK lands in a wallet the network reserves a small amount of SOL as rent for the token account it creates. Keep a little SOL in the same wallet or the coin cannot move.
• BONK on EVM networks is a bridged version: a wrapped token backed by BONK locked on Solana. Economically it is the same asset, but a Solana address and an EVM address are different formats, and a transfer must go out on the network where the recipient actually holds it.
• The ticker is heavily copied. Dozens of tokens named BONK exist on Solana and elsewhere; the original is the one bridged across the supported networks, not a lookalike with a similar logo.

Supported networks in Tangem (5): Arbitrum One, Ethereum, BNB Smart Chain, Solana, Polygon POS.

Because BONK exists in several versions, Tangem keeps a separate balance for each network and shows which network a transfer is about to leave on before the card signs it, with SOL or the EVM gas coin held in the same wallet. For a token moved often and copied even more often, that per-network view is what a holder ends up relying on.