BONK · a supply that cannot grow, and a treasury that emptied itself.
BONK is a memecoin on Solana with about 88T circulating and its mint authority renounced — no one can create another BONK. That makes every move on this page a move of tokens that already exist.
Sell pressure. The whole DAO treasury — 4,426.1B BONK — was taken by a governance proposal on Jul 6 2026 and paid out to exchanges by Jul 20 2026. Nothing is left in it.
Buy pressure. Thin — a revenue-funded buyback bought roughly 16.1B BONK, and the burn that used to run alongside it was switched off in December 2025.
Net. +5.01% to market over the last 90 days, all of it that one event — and about −0.04% ahead, roughly flat now the treasury is empty.
BONK cannot be minted. The token's mint authority and freeze authority both read null on-chain, so no wallet, contract or vote can create another BONK. There is no staking issuance, no block subsidy and no emission schedule of any kind — the supply only ever falls.
Nothing is left to unlock. The launch supply was handed out in December 2022, and the one long tranche — the early-contributor allocation — ran a three-year linear schedule that expired in January 2026. The unlock tracker now reports the whole supply unlocked with no future release scheduled.
The entire BonkDAO treasury left DAO control inside this window. A governance proposal filed Jun 30 2026 carried a buried transfer instruction, cleared quorum on Jul 5 2026, and executed on Jul 6 2026 — the treasury wallet went from 4,426.1B BONK to zero in a single transaction. The proceeds sat in one wallet for ten days, then between Jul 16 2026 and Jul 20 2026 were paid out in eleven equal 400B tranches through two relay wallets and into trading venues, including 1,500.0B and 400.0B into two major exchange hot wallets. Every wallet in that path reads zero today. Nothing remains: the DAO treasury balance is 0, so the row carries no forward value. The other watched holder is the Bonk, Inc. corporate treasury, which is accumulating rather than releasing.
No bankruptcy estate, trustee schedule or court-ordered distribution holds BONK.
The launchpad routes 51% of its platform revenue into buying BONK for the Bonk, Inc. corporate treasury. The programme is live on paper, but the wallet that actually pays it out fired only once inside this window — on May 4 2026, sweeping 302.8 SOL plus 74,700 in stablecoin, about 100,100 dollars, which bought roughly 16.1B BONK at that day's price. It has been idle for the twelve weeks since, while a further 281,400 dollars of revenue accrued undistributed. Bought BONK is held, not destroyed, so it becomes a tracked overhang rather than a permanent removal.
The buy-and-burn is switched off. The launchpad's own distribution timeline shows the Buy/Burn share cut from 35% to 0% and removed on Dec 3 2025, with the whole slice redirected into corporate-treasury buying instead. The burn wallet confirms it: its last transaction was Apr 10 2026, before this window opened, and it still holds 217.2B BONK that was never destroyed. No BONK was burned in the last 90 days.
No discretionary open-market purchase separate from the revenue programme was disclosed inside the window. The corporate treasury's public filings describe accumulation as a standing strategy, but no dated, quantified purchase landed in the last 90 days. No public evidence of release in window — monitored.
No lockup contract, escrow or staking cap absorbs BONK. The 10% of revenue tagged for staking buys a liquid-staked SOL token, not BONK, so it never touches the ledger. The pledged one-trillion burn at the one-million-holder milestone remains unfired.
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