BONK Inflation Analysis · October 2026 · Mixed flows · supply roughly steady

The MrNasdog Pressure Framework reads BONK as flat with a slight shrink: 0 BONK of new supply against 352.1M BONK burned over the last 90 days, a net change of −0.0004%, and about −0.0002% projected for the next 90 days. Bonk is a Solana meme coin whose mint power was switched off for good, so the BONK supply can only go down, and only through burns. Those burns are now tiny next to the 88.0T BONK in circulation, so supply is roughly steady and the coin's price rests on demand.

The verdict, in one paragraph

Over the 90 days from Jul 11 to Oct 9 2026, BONK's net supply change was −0.0004%: no BONK was created and 352.1M BONK was destroyed, out of 87.99T circulating. The independent inflation monitor reads +0.07% for the same window. The gap is 0.07 percentage points, small enough that no warning chip is shown, and the reading stands as verified. The monitor's small plus comes from price and market-value rounding, not from new coins, since none can be made. In one line: BONK is a fixed-supply meme coin with a slow, small burn.

Sell pressure: where new BONK comes from

Protocol inflation is 0. The BONK mint account on Solana has no mint authority, and on the SPL token program that cannot be undone, so no new BONK can ever be created. There is no staking reward or block reward paid in BONK either.

Vesting unlocks are 0. The shares set at the December 2022 launch, for early contributors, the BonkDAO, marketing, liquidity and the big airdrop to Solana users, have all been released. Unlock trackers show BONK as fully unlocked, and the circulating count equals the whole supply, so nothing is waiting to open.

Foundation and unscheduled unlocks are 0, even in a window with a dramatic event. On Jul 6 2026 an attacker bought enough BONK to pass a hostile governance proposal and moved 4.43T BONK out of the BonkDAO treasury, then sold it over about two weeks. That selling was real and it hurt the price. But those coins were already counted as circulating while they sat in the treasury, so the supply in the market did not grow; the coins only changed hands. Long-term locks and bankruptcy releases are 0 as well: no estate or trustee holds BONK, and coins locked for rewards still count as circulating.

Buy pressure: where new BONK goes

The programmatic buyback row is 154.8M BONK. A Bonk buy-and-burn wallet, paid in dollars from a project multisig, bought and burned BONK twice in the window: 107.3M BONK on Jul 11 2026 and 47.5M BONK on Sep 21 2026. Each buy was only a few hundred dollars and there is no set schedule, so the forward 90 days count 0 from this wallet until it fires again.

Holder and app burns add 197.3M BONK. Trading bots, apps and ordinary holders destroy BONK every day, mostly in small amounts: 191.2M BONK was burned directly on-chain and 6.1M BONK was sent to a dead address that no one can spend from. That is about 2.2M BONK a day, and the projection keeps the same rate for the next 90 days.

The protocol fee burn is 0, because the BONK token takes no fee of its own. The foundation buy row is 0 too, though buying does happen: the listed company Bonk, Inc. uses half of the BONK.fun launchpad's fees to buy BONK and held 2.47T BONK on Jun 30 2026. Those coins stay in custody and still count as circulating, so the buying moves BONK between hands and removes none. New long-term locks are 0 for the same reason. Total buy pressure is 352.1M BONK over the last 90 days and 197.3M BONK projected for the next 90.

Foundation and overhang

BONK has no foundation wallet with a reserve still to release. The BonkDAO treasury, once the main pool of project coins, is empty after the Jul 6 2026 drain, and the wallets that received the drained BONK are empty too. The largest identified holders today are the company Bonk, Inc. with 2.47T BONK in custody on Jun 30 2026, a former BONK.fun burn wallet with 217.2B BONK that has not moved since Apr 10 2026, and a partner company that reported 219.7B BONK bought on the open market by Jan 5 2026. We re-read the on-chain wallets and the company filings at every check.

All of these coins already count as circulating, so a sale by any of them would add selling to the market but not new supply. If one of these balances falls between our checks, we record the outflow as a foundation or unscheduled release at the next check and say where the coins went.

How BONK compares to other meme coins

Among large meme coins, BONK sits in the fixed-supply, burn-only group. Dogecoin is the opposite design: it has no cap and pays miners a fixed number of new coins with every block, so its supply grows every day and a buyer has to absorb that flow. BONK has no such flow, because its mint power is gone.

Shiba Inu and Pepe are closer cousins. Both have a fixed supply. Shiba Inu leans on community burns sent to dead addresses, much like BONK's holder burns, while Pepe has no burn engine at all. BONK adds app-driven burns, from trading bots and its own launch and game products, on top of holder burns. Over Bonk's life these burns removed about 12% of the first 100T BONK, but most of that happened in the early years; today the pace is a few hundred million BONK a quarter, a rounding error against 88T.

The fair comparison, then, is that BONK's supply is steady rather than shrinking. What sets BONK apart is a business layer around the coin: a listed company that holds BONK and a launchpad whose fees buy it. Those buyers move coins into custody, not into burns, so they change who holds BONK, not how much exists.

What to watch in the next 90 days

First, the buy-and-burn wallet: its last burn was on Sep 21 2026, and any new firing adds straight to the buy side. Second, the BONKplay casino, launched on Jul 30 2026, says up to 10% of its fees will buy and burn BONK; so far no burn can be tied to it on its own, and a visible stream would lift the burn rate. Third, Bonk, Inc.'s next quarterly filing, likely around mid-November 2026, will show how much BONK the company held on Sep 30 2026, and whether it sold any. Fourth, the old promise to burn 1T BONK once Bonk reaches one million holders has no date and no funded wallet since the treasury was drained; if it ever happens it would be the largest burn in years, about 1.1% of supply. Fifth, Upbit closed BONK withdrawals on Oct 7 2026 after delisting it on Sep 7 2026, which moves coins between holders but does not change the supply.

Summary

The MrNasdog Pressure Framework reads Bonk (BONK) as a fixed-supply Solana meme coin with roughly steady supply: net −0.0004% over the last 90 days and about −0.0002% over the next 90, with 0 BONK of new supply and 352.1M BONK burned. No BONK can ever be minted, nothing vests, and the July 2026 treasury drain changed who holds the coins, not how many exist. The key risk is not new supply but selling by large holders such as Bonk, Inc., whose 2.47T BONK already trades as part of the float. With burns now tiny, BONK's price depends almost entirely on demand.

MrNasdog Pressure Framework analysis of BONK, Metric 1 — Inflation. Data + explanation only. Not financial advice. Checked Oct 9 2026.