Bonk

BONK, a Solana meme token, emerged via a Christmas 2022 airdrop, gaining traction despite doubts. With 400,000 holders, it leveraged memes and viral marketing, catching the eye of crypto media and mainstream outlets. In December 2023, demand for Solana's Saga phone surged due to BONK's popularity, leading to inflated prices on platforms like eBay, driven by arbitrage traders eyeing the 30 million BONK token airdrop per phone owner.