What is the Question?🚨

It's still Christmas for Solana's dog coin $BONK — people all over crypto twitter are giving away billions of $BONK tokens, and its price has risen over 40% in the last day (NFA). Bring the world up to speed on Bonk Inu, with all of our favorite metrics:

• Total # of holders
• % of holders that are active wallets
• Average amount $bonk in holder wallets
• Average time holding bonk
• Any other notable trends or outliers you see

Then, give us context! What kinds of Solana users are $bonk holders? How active are they, what other tokens do they tend to hold, etc. Has Solana activity as a whole risen in conjunction with recent $bonk activity, and how much Solana activity does Bonk Inu account for?

Analyzed Topics:

1. $Bonk Holders Statistics

2. Active & Non-Active Wallets

3. Holding Time

4. $Bonk Swapping Activity

5. $Bonk Launch Impact on Solana Ecosystem

6. Top Solana Programs by $Bonk Holders

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Introduction🚩

What is BONK Coin?

BONK is the newest dog-themed token on the crypto market and is built on the Solana (SOL) blockchain. The token’s official Twitter page markets itself as “the first Solana Dog Coin for the people and by the people”. 

It’s a token with an incredibly large maximum supply (100 trillion tokens) and as such, it’s currently changing hands for US$0.00000120 per token, up 67% in the last 24 hours according to data from CoinGecko. 

Following its official launch on December 25, the developers of BONK ‘airdropped’ 50% of the initial token supply to Solana NFT collectors, traders, artists, and developers, according to Bonk’s whitepaper, humorously dubbed ‘Bonkpaper’

“The Bonk contributors were tired of toxic “Alameda” tokenomics and wanted to make a fun memecoin where everyone gets a fair shot,” reads the official website.

While BONK was first launched on December 25, it first started leaking hints about the token via Twitter as early as December 9. It has since received shoutouts from some of the most prominent personalities in the Solana NFT ecosystem. This is one of the major driving forces behind its sudden and rapid growth. 

More Info

Method⚡

In this dashboard, i analyzed $Bonk token launch and its hype in recent days on Solana ecosystem and explored it from different angles.

For this matter i used ==Solana.core== database provided by Flipsidecrypto and extracted the data from different tables.

I filtered $Bonk data from these tables with its contract address: ==“DezXAZ8z7PnrnRJjz3wXBoRgixCa6xjnB7YaB1pPB263”==

I analyzed the data since $Bonk launch on ==December 24th 2022== until this day ==2023-01-05==.

Almost 2 weeks

Findings👀

• As we see the $Bonk holders stats in this section, $Bonk has over 133K holders that holding over 137T of this token in their wallets with an average of 0.74B in each wallet.
• The biggest holder of $Bonk is holding 15T worth of $Bonk in his/her wallet.
• $Bonk has experienced its highest number of holders on Dec 25th with over 52K holders and 38.7T $Bonk tokens and saw a massive drop after that day with almost 90% dropdown and over 46K in total.
• In past few days after the start of 2023, its number of holders increased again and looks like it is blowing up again.

Findings👀

• We can see that in past few days, SOL token and $Bonk price increased and they moved very close to each other. Solana’s price rised over 60% after $Bonk launch.

1. $Bonk Holders Statistics

2. Active & Non-Active Wallets

3. Holding Time

Findings👀

• $Bonk holders has recorded an average of 5.39 days holding time in past 2 weeks and the daily chart is showing us that this number is increasing over time.
• In the pie chart above we can see that almost 39% of $Bonk holders are holding between 4-10 days followed by 2-4 days in the second place with 22.4% of the whole $Bonk holders share.

Findings👀

• Except Dec 25th, every other days until this day has more active users than not active users and in overall, over 66% of $Bonk holders are active wallets.

4. $Bonk Swapping Activity

Findings👀

• It seems like $Bonk holders liked Jupiter Platform more than others on Solana blockchain and they brought their tokens to swap them there.
• Jupiter swap and aggregator has recorded the highest number of swaps and swap volume by $Bonk holders in past 2 weeks with over 260K swaps and over 115T swap volume.
• Daily charts are showing us that number of swaps and swap volume has increased recently after the start of new year and most of this activity were belong to Jupiter.

5. $Bonk Launch Impact on Solana Ecosystem

6. Top Solana Programs by $Bonk Holders

Findings👀

• In this section, i analyzed 10 days before and after $Bonk launch on Solana ecosystem.
• WE can clearly see that number of transactions and users experienced a huge increase after $Bonk launch and We can say that solana got revived after FTX and Alameda crash.

Conclusion💡

• $Bonk token launch has revived solana ecosystem after FTX and alameda mess in early November 2022.
• Over 133K users are holding $Bonk new launched tokens with over 137T worth of $Bonk.
• Because this Coin is a memecoin and its price is so damn low, users are holding lots of these tokens in their wallets.
• Over 66% of $Bonk holders are active wallets.
• Over 60% of $Bonk holders are holding these tokens between 2-10 days.
• $Bonks holders love Jupiter platform (Swap and Aggregator) the most among Solana top programs or swap platforms.
• As i said, $Bonk token launch was a super good news for Solana ecosystem and Solana’s number of transactions and users increased massively after December 24th.

Author: Sbhn_NP

Discord : Sbhn_NP#8717

Twitter : Sbhn_np

Instagram : Sbhn_NP

Special Thanks to Ali3N and hess for some queries and inspiration!

Thanks for your time!

Findings👀

• Between Famous solana programs, $Bonk Holders love Jupiter the most as i said earlier and Magic Eden comes in the second place in terms of number of transactions.