Bonk Price Prediction 2024, 2025, 2030

Ben Beddow

Last updated: March 26, 2024 16:59 EDT | 18 min read

Bonk stormed onto the cryptocurrency and meme coin scene at the end of 2022 and drove phone buying, airdrop, and meme coin frenzies in the Solana ecosystem and beyond throughout 2023. With the meme coin market pumping in early 2024, what does the future hold for Bonk?

In this Bonk price prediction we look at what Bonk has to offer, what affects its price, and make informed predictions for the future price of Bonk.

Bonk Token Price Prediction 2024-2030

• Bonk launched in late December 2022 by airdropping 50% of the token supply to qualifying Solana community members. Its opening price was $0.0000001487.
• Bonk rallied over 2,000% in its first few days, hitting a high of $0.000003407 in January 2023. It then spent most of 2023 in decline but never dipped below its opening price.
• In December 2023, along with the rest of the crypto market, Bonk rallied and hit an all-time high (ATH) of $0.00003419 on December 15th.
• Bonk then declined into 2024 and built strong support at $0.00001, before a late February rally took Bonk to new all-time highs of $0.00004704 on March 4th.
• Even though there is no roadmap for Bonk we predict a positive 2024, with a potential high of $0.00008400.
• We expect this positivity to carry into 2025 with bonk predictions of a high of $0.00010200 and a low of $0.00003200.

Price History of Bonk

Bonk’s initial airdrop to community members was on December 25th, 2022, and trading for $BONK started 5 days later on December 30th. The first price recorded for Bonk on CoinMarketCap was $0.0000001487 on December 30th. In the next few days rallied over 2,000% to hit a local high of $0.000003407.

The Bonk price then declined rapidly, finding momentary support at the psychological barrier of $0.000001 before breaking through this to finish January 74.4% down from this high. Despite this decline, interest in the token helped it to become the 3rd most traded token in the Solana ecosystem—behind only USDC and SOL.

From here the price of Bonk continued to decline, hitting lower highs and lower lows throughout 2022, peaking once in April, increasing 71.56% to reach a local high of $0.0000009604, within touching distance of the previous support, now resistance, level of $0.000001.

The bleeding then continued until mid-October 2022, when it finally found a bottom at $0.0000001776 on October 13th. This is just 19.44% above its opening price, which is also its all-time low.

From here, Bonk broke out of its downward trend and started to climb. It breezed past the $0.000001 resistance level on November 8th to hit a high of $0.000002763 on November 10th, before following a wider Solana and market decline to post a 34.49% loss over the next three days—but, crucially, not retracing back to the $0.000001 support.

While the rest of the market maintained lower valuations, Bonk started its climb eventually joined by the rest of the market as speculation around Bitcoin ETFs drove markets higher. Bonk continued to post higher highs and higher lows, climbing above the $0.00001 mark on December 7th. It then skyrocketed 2,903% over 2 days, from December 12th to the 14th, and recorded its ATH of $0.00003419 on December 15th, 2023—a 22,892% increase from its opening price just over a year earlier.

From this high Bonk steadily declined over the turn of the year, bouncing off $0.00001 on January 7th, 2024, support it successfully retesting it on January 22nd and February 6th. At the end of February, and in line with the rest of the meme coin market, Bonk took off up the charts, more than quadrupling in value and hitting a new ATH of  $0.00004704 on March 4th, 2024. At the time of writing Bonk was -15.33% down for the day as the meme coin’s rally had stalled.

Bonk Price Prediction for 2024 – 2034

Bonk Price Prediction for 2024

2024 saw Bonk build strong support at the psychological barrier of $0.00001 before rocketing up the charts for a new ATH. After a stellar 2023, which saw over 118 integrations and listings on more than 33 different exchanges, Bonk has built a solid foundation for 2024. However, there is no roadmap for Bonk’s future, which makes it difficult to find positive items besides community sentiment—which there is a lot of—to back up a price prediction. Therefore it is a waiting game to see if the utility Bonk gained in 2023 can help Bonk to sustain any gains it may achieve in 2024.

Q1 2024

With no roadmap for Bonk we have to look elsewhere in the ecosystem. In Q1 of 2024, we look toward Solana, the blockchain that Bonk calls home. Positively, the volume of SOL traded on centralized exchanges overtook that of ETH in December 2023, and the trading volume on Solana DEXes was higher than Ethereum’s for multiple days in December.

While this increase in volume might’ve been helped by the large number of airdrops happening on Solana, increasing on-chain activity is a positive factor, and Bonk is a part of this SOL ecosystem.

Solana developers are also aiming to introduce multiple upgrades in 2024, all of which typically induce positive price action in the tokens on that chain—and Bonk is now one of the more prominent tokens in Solana.

Q2 2024

Bitcoin is the dominant force in the markets, with 54.4% market dominance at the time of writing. It has recently successfully retested support at $40,000, and many Bitcoin price predictions predict good times ahead for the world’s biggest cryptocurrency, especially with the next, and most hyped, Bitcoin Halving event set to occur in April 2024.

There’s also the potential approval of Ethereum ETFs in May of this year, a move which could see the whole market move in an upward direction as such moves by regulatory bodies are seen as positive for the adoption of cryptocurrencies.

Q3 and Q4 2024

There are no big events yet set for the latter half of 2024, in either the Bonk, Solana, or wider crypto world. However, it is likely that the crypto markets could be seeing an influx of users as a result of the two big news events that were mentioned above for Q2, and we could certainly be at an exciting turning point this year.

Looking at the meme coin market rally from February and March in 2024 it is not unfeasible that this could happen again later in the year, as these new users enter the crypto ecosystem seeking the large gains they associate with meme coins.

Bonk Price Prediction for 2025

If Bitcoin and the rest of the crypto markets continue to follow the four-year cycles that many analysts say they follow, with the Bitcoin Halving event being a pivotal point in that cycle, then 2025 is when we could be reaching new ATHs across the market.

The Bonk ecosystem has no roadmap for 2025, and the newest Solana roadmap only stretches out into 2024—so we cannot really use these to make predictions.

However, we’re going to wear our rose-tinted glasses and predict a positive 2025 for Bonk, as prices are boosted to new ATHs as a result of Bonk following the rest of the market upward in the post-Bitcoin Halving rally. This leaves our Bonk price prediction for 2025 with a high of $0.00010200, a low of $0.00003200, and a median price of $0.00007560.

Long Term Bonk Price Forecast – 2030 Prediction

The further we stare into the future distance the harder it becomes to see anything clearly. 2030 is over 5 years away and crypto is a fast-moving industry—for context, Solana launched 4 years ago, in 2020, and 5 years ago today Bitcoin was priced around $3,000.

However, there are a few things we can take into account when looking to make a Bonk coin forecast for 2030.

The first of these is that cryptocurrencies are very likely to be operating in a regulatory framework in nations around the world. If you take a positive outlook, as we have, then you would assume that cryptos and blockchain tech will have become interwoven with financial markets, despite the huge pushback, and started to embed decentralization in the way money is handled; ultimately pulling more transactions and people on-chain.

Meme coins may well be treated poorly by these new markets and regulations, however, Bonk, will its utility-based aims and already strong community is likely to survive this level of regulation, much like other meme coins like Dogecoin and Shiba Inu that’ve transitioned toward utility in recent years.

If you also believe in the cyclical nature of Bitcoin and the crypto markets then 2030 is when you would expect us to be coming down from the ATHs created in 2029 by the 2028 Bitcoin Halving.

As a result, our Bonk price prediction for 2030 is positive but subdued, with a high of $0.00016000, a low of $0.00012500, and an average price of $0.00013280.

Potential High & Low Prices of Bonk Token

Here we’ve summarized our predictions for the Bonk token price in the coming years.

Other Analysts’ Prediction for Bonk Coin

Below we’ve summarized price predictions from other analysts to give an overview of the market sentiment for the future Bonk crypto price.

What is Bonk Coin and What are its Use Cases?

The Bonk meme coin is self-declared as Solana’s first dog-theme meme coin and was created to acknowledge that Solana, and its community of users, have been the predatory victims of VC tokens.

Bonk strives to be the “true community coin of Solana,” with a stated aim to “bring the power back to those that made this network great. The people.”

The primary utility of the Bonk meme coin is to serve as the community coin across the entire Solana ecosystem that can be used across all Solana dApps—and it has been enthusiastically welcomed by community members since its initial launch through an airdrop on December 25th, 2022. It was built, and is actively managed, by an anonymous team.

Despite being a meme coin, Bonk has been a driver of utility, and, at the time of writing, Bonk had been integrated into 118 different dApps and projects and is available on 33 decentralized exchanges and centralized exchanges.

Bonk Airdrops

50% of the overall Bonk supply, equaling 50 trillion $BONK tokens, was airdropped to active members of the Solana community. This was divided as so:

• 21% of the total supply was distributed to the 50 active Solana NFT projects and their holders
• 16%of the total supply was issued to DeFi users and market participants
• 10% of the total supply was given to artists who produce 1/1 piece of art on Solana, along with the collectors of that art
• 5% of the total supply was airdropped to developers building on Solana

Eagled-eyed readers would note that these numbers equal 52%. These figures, and this discrepancy, are taken directly from the Bonk white paper.

This airdrop has since been overshadowed by an airdrop that happened almost a year later, in December 2023, when it was announced that holders of the Solana Saga phone would each receive an airdrop of 30 million Bonk. This promoted a Saga phone buying spree that resulted in one phone, initially priced at $599, being bought for $5,000 on eBay. This started a flow of airdrops for Saga phone holders.

The Solana Community’s Embrace of Bonk

One of the initial goals of Solana was to bring liquidity to Solana-based DEXes. Do this it did. by becoming the 3rd most traded coin on Solana—behind only USDC and SOL—within a few weeks of its launch and, at the time of writing, $BONK was still in the top ten most traded Solana tokens by 24-hour volume.

Since its launch, the Solana community has fully embraced Bonk and it has become a huge part of the community ever since. Here are just some of the places Bonk has been integrated by the community:

• Integrated into the Solarplex social marketplace as a tipping token
• Had a bank run game created using solely Bonk
• A lottery game was created using only Bonk
• Conducted a build-and-earn event with Phase Labs
• The ability to purchase NFTs with Bonk, even on one of the top NFT exchanges, Magic Eden
• As a reward token for staking NFTs with specific projects
• Tokens were handed out at NFTLA 2023
• Community-created Bonk art was showcased at NFTLA 2023
• Hosted a charity axe-throwing event at NFTLA 2023
• Created a Bonk earn platform and token ($BERN)
• A Bonk rewarding Solana network validator has been created in the Jito liquid staking protocol where users’ staking rewards are distributed in $BONK

For a full summary of what happened with Bonk in 2023 read the 2023 summary X thread from Bonk.

Bonk Tokenomics

While 50% of the 100 trillion Bonk tokens were airdropped to community members at the initial launch, the rest of the tokens are distributed as follows:

• 21% is allocated to the 22 people who helped launch and continue to advance bonk (this is subject to a 3-year vesting period)
• 16% was placed in a Bonk DAO to fund community proposed initiatives
• 5% was put toward towards initial liquidity
• 5% will be used for marketing promotions

This equals 47% which, when married with the 52% from the airdropped tokens above, leaves us with just 99% of the tokens allocated. It is not yet known what will/has happened with the other 1%

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Bonk Created Utility

Despite its status as a meme coin the team behind Bonk has been busy creating an ecosystem of dApps and tools around the Bonk coin. These dApps and utilities include:

• A Bonk Swap DEX, featuring a BonkOrBust game
• A buy Bonk dApp that allows users to buy Bonk with tokens from Ethereum, BSC Polygon, Avalanche, and Arbitrum
• A dedicated page using the OpenBonk exchange to swap BONK for SOL or USDC
• A platform for minting and claiming NFTs

What can Bonk token be Used For?

Despite it being categorized as a meme coin, the Bonk token has been integrated into multiple dApps and projects in the Solana ecosystem, as well as many cross-chain bridges and 10 different blockchains.

At the time of writing some of Bonk’s premier use cases are as follows:

• Used for pricing and buying NFTs
• Earned as a reward for staking through various NFT projects and for staking SOL through the Jito liquid staking platform
• Locking $BONK in DeFi platforms to earn various types of yield
• Used in 5 different games that have integrated Bonk as either the payment or prize
• Simply for paying people

What Factors Influence the Price of Bonk?

The Bonk token price is influenced by factors inside and outside its ecosystem, and the most prominent of these influences are listed here.

• Wider Crypto Markets: As prices in the wider crypto market fluctuate expect some of these bigger moves, in both directions, to be mimicked by $BONK. Specifically, the whole market travels up and down in Bitcoin’s wake, but coins like Bonk will also follow the rise and fall its network’s native assets—in this case SOL—and tokens in its category, most notably, Bonk will likely trace the meme coin market very closely.
  
• Solana Upgrades: As upgrades are implemented, or forecast, we will see an uptick in network activity, and, typically, token prices on that network. As one of the more prominent tokens on the network, Bonk is going to be one that feels the effects of this the most.
  
• Solana Outages: The Solana network has a history of outages, and as blockchain technology gains adoption each further shutdown will be detrimental to the tokens built on that chain as it erodes trust—eroding token prices in the process as investors look to move to more stable environments.
  
• Bonk Ecosystem Developments: Whether this be partnerships, new integrations, big announcements, or speculation around the biggest announcements, these events will drive price action—typically in a positive direction.
  
• Vesting Tokens: 22 developers are sharing 21% of the supply of Bonk, totaling 21 Trillion $BONK. These are on a three-year vesting schedule and it can be expected that the price of Bonk might dip after each token release as a result of extended sell pressure from the team.
  
• Regulatory Developments: These will affect all coins, and the sentiment of regulations will affect the direction of price movement. Bonk is classed as a meme coin and it is expected that these might not be looked on favorably by regulators, and negative regulations for meme coins will hurt the bonk token price.

Is BONK a Buy Right Now?

Bonk is one of the most popular coins on Solana—currently ranked 6th overall—has over 100 integrations, is listed on the top centralized exchanges, and has built a large and passionate following. With us seemingly entering a bull market at the start of 2024, and a Bitcoin Halving expected by many to drive prices higher in 2025, then many would say that now is the time to be jumping in on smaller cap meme coins like Bonk.

However, with no roadmap, and the fact that it is built on the rocky foundations of the Solana blockchain, many would be wary about choosing to have Bonk as a part of their portfolio.

Best Place to Buy BONK in 2024

We recommend the MEXC exchange as the place to buy Bonk. It was founded in 2018 and is used by over 10 million people in over 170 countries around the world. What’s more, it offers highly attractive 0% spot trading fees and supports spot, margin, and futures markets (with up to 200x leverage).

Alongside Bonk, the MEXC exchange supports over 1600 cryptocurrencies, including all the biggest ones: BTC, ETH, SOL, BNB, USDT, USDC; and offers a 1:1 proof-of-reserve for all users’ personal assets in spot, fiat, and futures wallets as well as their holdings of ETH, BTC, USDT, and USDC.

Finally, MEXC’s feature-rich trading terminal, perfect for advanced traders planning trades, is supplemented by the MEXC mobile app, for Android and iOS devices, allowing users to access their holding and trade Bonk on the go.

Buy BONK on MEXC

Conclusion

The success of Bonk was one of the big stories to come out of the crypto markets in 2023, with the coin reaching highs as much as 22,000% above its launch price at the end of 2022.

However, with no roadmap for 2024 or beyond, there is little chance that Bonk is one of the tokens our analysts are adding to our list of the best tokens to buy in 2024.

The Best Cryptocurrencies to Buy Now

References

• CoinMarketCap: Bonk
• NY Times: Bitcoin Price and Bitcoin ETFs
• Blockworks: Solana DEX Volume Highs
• Solana Foundation: Upcoming Updates in 2024
• CoinMarketCap: Bitcoin Dominance Graph
• The Block: Ethereum ETF Approval Expected
• Bonk: White Paper
• Solana Mobile: Saga Phone
• CoinDesk: Bonk Surge Sees Surge in Saga Phone Price
• The Block: Solana Saga Sold for $5,000
• CoinDesk: Growing Number of Saga Airdrops
• CryptoSlate: Solana Tokens
• Outer Edge: NFTLA 2023
• X: Bonk 2023 Summary Thread
• X: Solana Outage Count for 2022–23
• CoinMarketCap: Coins Ranked by Market Cap

FAQs

How High Could BONK Go?

Our analysis of the Bonk price history and ecosystem leads us to predict that, in 2025, Bonk will hit a high of $0.00010200 and a low of $0.00003200, gaining 213% from today’s price if it hits the upper bound of these predictions.

Can BONK Reach $1?

It is highly unlikely that Bonk will hit $1, as such a valuation would give this token a total market cap of $93 trillion, much larger than the whole cryptocurrency market at this moment in time.

How Much is 1000 Bonk Coin Worth?

Bonk is currently worth $0.00003255, which would make 1000 $BONK worth $0.03255. Today, Bonk is down 15.33% on the day but up 21,789% since launch.

Will Bonk Rise in 2024?

Our price forecast predicts that Bonk will have a positive year in 2024, along with the rest of the cryptocurrency market, and we expect it hit a high of $0.00008400. However, we don’t expect it to be all plain sailing and predict a low of $0.00001020 for Bonk in 2024.

About the Author

Ben Beddow

Ben is a freelance writer with almost a decade's experience writing across multiple industries. He has a passion for, and great understanding of, cryptocurrencies and the underlying blockchain technology, and strongly believes in their ability to change the world. He has been writing on the topic of cryptocurrencies and blockchain technology for over three years.

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