Merry $BONK-ing Christmas
Introduction
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In this Analysis, You will read about $Bonk Token. The Top trended token in the Crypto currency.
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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
Analyzed by Hess - Reading Time Almost 8 min.
Bonk Swap Activities
- The daily share of swap transactions shows since December 26, The daily share of swaps to $Bonk token increased and reached 93%. On the other side, The daily share of swaps from Bonk decreased from 56% to 6-13%. Overall, 88% of swaps were to Bonk token, and only 11.7% of swaps were from Bonk token.
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Method
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I looked for Bonk token contract address which is
DezXAZ8z7PnrnRJjz3wXBoRgixCa6xjnB7YaB1pPB263.
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We don’t have a balance table on Solana. So, I used the Fact transfer table and calculated all transfers in and out. So, Now we have approximately Holders and hold amounts.
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For Swaps, I put the Bonk token contract in Swap from mint and Swap to Mint and examined all swap activities.
Full Analysis
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Conclusion
- $Bonk token has 124K unique holders. 56% of holders are active wallets, and 44% of wallets are non-active.
- The average hold amount is 790M $Bonk. Also, The average holding time is around five days.
- The large group of users holds 100M-1B $Bonk tokens.
- Sol and USDC are two popular tokens that users swapped to $Bonk.
ALL CODES AND CONTENTS WERE WRITTEN BY HESS.
$Bonk Holders
- Until now, There are 124K unique Holders of $Bonk tokens. The highest number of holders was on December 25, 2022. It seems Bonk Airdrop was distributed to users at that time. After Bonk Airdrop, The total number of Bonk Holders increased from 5K daily to 26K. The highest number of new holders was between January 1 and January 4.
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As I mentioned, It seems the Bonk token was distributed to Airdrop users on December 25. The highest amount of hold Bonk tokens was at that time, with 40T Bonk tokens. Unlike the total number of holders, The highest hold amount of Bonk tokens was between December 25 and December 28. The Cumulative Hold Amount shows users hold 133.9T of Bonk tokens.
The average Hold amount of Bonk tokens is around 790M $bonk. Also, The median holds Bonk amount is 61M $Bonk. Due to the number of holders and joining small wallets to Bonk holders, The average hold amount of $Bonk token decreased from December 24 until January 4.
Active Vs. Non-Active Wallets
- Who is Active wallet?
- I counted the total number of user transactions in the last two months and filtered those wallets with more than five transactions. I called Active wallets and non-active wallets hadn’t had more than five transactions in the last two months.
- It seems most of the Airdrop amounts are distributed to Old wallets. On December 25, About 56.6% of holders were not active wallets, and 43% of wallets were Active. Over time, The daily share of active wallets increased, and non-active wallets decreased. $Bonk was successful in attracting active wallets.
- Overall, 52% of wallets were Active, and 47.8% of wallets were not active.
Since December 14, Users bought 66T $Bonk tokens and sold 60T. Unlike the total daily number of swaps, The swap amount from and to the Bonk token was similar. The highest swap amounts were between January 1 and January 4.