Top 25 BONK holders own over 50% of supply, no sign of Whitepaper

Solana-based memecoin “BONK” — which has gained rapid media attention — airdropped over 50% of total supply to the top 25 holders.

As of press time, there were roughly 98,000 BONK holders, which — when compared to the top 24 holders — equates to a ratio of 4083:1.

BONK is up 380% since the start of the new year. However, the project has yet to post an official link to its Whitepaper. As of press time, the mentioned “BONK Paper” was also inaccessible.

Self-proclaimed as “the first Solana Dog Coin for the people by the people,” BONK  airdropped approximately 52 trillion tokens out of a total supply of 99.18 trillion across 24 of the top 25 addresses.

Roughly 20 trillion tokens of the 52 trillion were airdropped to 20 accounts on Dec. 16, 2022, while 15 trillion were sent to BONK DAO (decentralized autonomous organization) on Dec. 28, 2022.

The remaining 9 trillion tokens were airdropped to an address on Jan. 3.

BONK was listed on Huobi on Jan. 3, and on on Jan. 4.