Bonk: The Dog Coin of the People

Jan 16, 2025

Bonk was launched on Christmas day in 2022 in the wake of the FTX collapse. The Solana ecosystem was hit hard due to SBF’s close ties to the community, with many questioning if the ecosystem would recover. Bonk was launched in an attempt to raise spirits within the ecosystem, which earned Bonk the title of “the dog coin of the people.” Bonk’s ascension within the Solana ecosystem was swift, becoming a staple within the broader web3 ecosystem, with deep integrations as a utility token across a wide base of applications. It is now the fourth largest memecoin by market capitalization and has the second most holders.

Osprey Funds is a digital asset manager dedicated to creating low-cost, simple, secure, and transparent investment products. Through the Osprey BONK Trust, investors can gain exposure to BONK directly without the need for custodial wallets or managing private keys. The trust is currently open for private placements.

Click HERE for the full report:

Key Slides from This Report

Bonk - The Dog Coin of the People

Bonk: The Dog Coin of the People

Ecosystem Highlights

New York stylized skyline
Get instant access to this report
Complimentary Research to all of our visitors! Subscribe to receive three types of reports. Receive Fundstrat Academy, Fundstrat Community Questions and Signal from Noise to you inbox every month.

Please enter your name.

Get Access Now

What is Fundstrat Direct?

Fundstrat Direct is a market-leading, independent research boutique. We are experts in U.S. macro market strategy research and have leveraged those fundamental market insights to become leading pioneers of digital assets and blockchain research.

View of Tom Lee icon

Tom Lee's View

Proprietary roadmap and tools to navigate and outperform the equity market.

Macro and Technical Strategy icon

Macro and Technical Strategy

Our approach helps investors identify inflection points and changes in equity leadership.

Deep Research icon

Deep Research

Our pioneering research provides an understanding of fundamental valuations and risks, and critical benchmarking tools.

Videos icon

Videos

Our macro and crypto videos give subscribers a quick and easy-to-understand audiovisual updates on our latest research and views.

US Policy Analysis icon

US Policy Analysis

Our 40-year D.C. veteran strategist cuts through the rhetoric to give investors the insight they need.

Signal from Noise icon

Signal from Noise

A gimlet-eyed look at financial markets, with timely investment ideas in concise and engaging prose.

Fundstrat Direct footer logo

150 East 52nd St, 3rd Floor New York, NY 10022

SUBSCRIBE TO OUR FREE RESEARCH REPORTS

An institutional-grade report delivered to your inbox every week.

© 2026 Fundstrat Direct. All rights reserved.

Illustrations by Karl Wimer.