Bonk · 438

Bonk Guy: Major public chains are fully competing for retail investors, liquidity, and users. The on-chain market may explode in this round

Comparing news, crypto KOL “Bonk Guy” Unipcs wrote that the market may have seriously underestimated the scale of development of the on-chain market in this round. Currently, Robinhood, BNB Chain, Base, and Solana are all vying for retail market, liquidity, users, and attention. Unipcs believes that all major ecosystems hope to become the leading chain in this cycle and are willing to invest significant resources to promote ecological growth. It is expected that competition and activity in the on-chain market will further heat up.

1m ago

Bonk Guy: Falling is ushering in its first real bull market, leading indicators such as whale inflow and position growth

Comparing the news, crypto KOL “Bonk Guy” Unipcs wrote that currently the overall meme market is strengthening. TRUMP, PEPE, and BONK have risen by about 62%, 38%, and 32% respectively, and DOGE has also begun to break through strongly. Unipcs believes the market is still grossly undervalued. Excluding celebrity projects such as TRUMP and MELANIA, EXCEPTION is the only meme coin that has reached a market capitalization of 450 million US dollars since 2025, and was previously realized in a poor market environment. According to it, BEVERAGE is currently experiencing its first real bull market and is at the leading level in indicators such as whale capital inflow, relative trading volume, and growth of open contracts. It is expected that it will break through record highs again and hit higher market capitalization in the future.

8h ago

Binance blocks DAO governance attack less than 48 hours before execution, involving around $1.2 million in vault tokens

Comparing the news, Binance said that its monitoring team discovered a malicious governance proposal against an unnamed decentralized autonomous organization (DAO) involving a risk of approximately $1.2 million in treasury tokens, less than 48 hours before execution. Binance contacted the project and coordinated with centralized exchanges that listed the relevant tokens to close the deposit; the project then voted against the proposal and blocked its implementation. Binance did not disclose the name of the project and token. The proposal takes advantage of the low proposal threshold of the project chain governance mechanism. BonkDAO confirmed in July of this year that a malicious proposal had transferred approximately $20 million in BONK tokens from its treasury, and the attackers authorized the transfer by accumulating sufficient voting rights.

2d ago

BONK's crypto treasury revenue soared 6218% in half a year. Why was there only $214,000 left on the account?

Author: Claude, Shenchao TechFlow Original title: BONK Crypto Treasury has only $2.1 million in cash, but 70% of the revenue comes from the founder's own platform Shenchao Guide: On August 14, the NASDAQ listed company Bonk, Inc. (BNKK) handed over the ledger for the first half of the year: revenue of $5.5 million, a sharp increase of 6218% over the previous year, but the net loss was 7.88 million, leaving only $214,000 in cash on the account. The auditor clearly warned that the company “has serious doubts about continuing operations.” What is more noteworthy is that of this 5.5 million revenue, 3.92 million, or 71%, came from the revenue share of the platform associated with founder Mitchell Rudy. Rudy holds approximately 40.2% of common shares and all Series C preferred shares through Lucky Dog Holdings, which can elect half of the company's directors. This publicly traded company, which was renamed from beverage company Safety Shot, gave its life back to the same person. First, tell me who this company is. BONK is one of the most well-known meme coins on Solana. It was airdropped to the community at the end of 2022, and has no corporate entity itself. Bonk, Inc. is a NASDAQ listed company (stock code: BNKK), formerly known as Safety Shot, which sells energy drinks. It changed its name in October 2025 and announced its transformation into a “digital infrastructure company connecting traditional open markets and the decentralized economy”: BONK tokens in the treasury, and also extracted from LetsBonk.fun, a meme coin launch platform in the BONK ecosystem. On August 17, the company released its first half results, and the subsequent 10-Q quarterly report disclosed the full accounts on August 14. The data contrast was huge: revenue of $5.5 million, up 6218% year over year; however, the net loss for the same period was $7.88 million, mainly due to the decline in the price of BONK tokens held, and unrealized losses of $8.17 million were calculated. As of June 30, there was $214,000 in cash on the account, $203,000 in working capital, and a cumulative loss of $191.4 million. The auditor M&K CPAS and management both wrote in the report that these conditions raised major doubts about the company's ability to continue operating (that is, what auditors often call going concerns). Revenue surged 6218% in the first half of the year, and 71% of the $5.5 million revenue from the founder's own platform comprised two parts: the beverage business sold $1,579 million, and the remaining $3.921 million was all revenue share from related parties, accounting for 71% of revenue. This split comes from LetsBonk.fun. Launched by the BONK community in collaboration with DEX Raydium, it is a meme coin launcher running on Solana. The gameplay is similar to pump.fun: anyone can send a token with a little SOL, trade on a curve, and enter the Raydium liquidity pool after reaching scale. The platform charges a 1% processing fee for transactions, and part of the revenue is used to buy back and destroy BONK. From the end of 2025 to the beginning of 2026, it surpassed pump.fun several times in terms of single-day coin issuance, and once became one of the most active launchpads on Solana. 10-Q disclosed that on August 8, 2025, the company signed a revenue sharing agreement with related party Bonk Digital, Inc., to receive a portion of the platform's future revenue stream; it was revised to 51% of LetsBonk.fun's total revenue on December 10, and both parties can also agree to return to 10%. The documents do not disclose Bonk Digital's shareholder structure, only stating that it is a related party linked to the company “through shared ownership and governance.” In other words, 71% of the company's revenue depends on how popular a platform is in the founder's ecosystem. The founder holds 40.2% of the shares, and the C-Series Preferred Stock can elect half of the board company's largest shareholders and the same group of people behind this related platform. Mitchell Rudy, popularly known as Nom, founder and director of Bonk, Inc. According to a letter of attorney from the company's December 2025 shareholders' meeting, Lucky Dog Holdings, controlled by Rudy, benefited from holding...

3d ago深潮TechFlow#Bonk

Trader Bonk Guy: Blind and firm holding has caused eight-digit earnings to return, and profits will be cashed out in a timely manner in the future

Comparing the news, trader Bonk Guy posted on social media that one of my major mistakes in the past was blind loyalty to my positions and the community surrounding them. In the previous cycle, in order to chase social influence, all of the eight-digit earnings were returned. I won't make the same mistakes again this cycle. Vanity metrics such as social influence may make people feel good right now, but they rarely last long. Profits should be routinely cashed out on any currency. As long as it's not against the law or against morality, that's fine.

18d ago

Bonk Guy: Eight-digit earnings have been retracted, and this cycle will continue to be profitable

Comparing the news, Bonk Guy posted on the X platform that he had made a major mistake because he was blindly loyal to his position and community. In the last round, in order to pursue social influence, he threw back all of his eight-digit earnings, and when the market turned around, community members not only did not support him, but instead mocked him. Bonk Guy said the same mistakes will not be made again in this cycle. He believes that social influence is only a short-term indicator of vanity, and when the market is reversed, it is easy for the community to abandon participants. He suggested that investors should be loyal to their own interests, not hold positions or any community, and continue to profit from any token on the premise that it is legal, compliant, and ethical.

18d ago

Data: The crypto industry experienced 30 hacking attacks in July, with total losses of $210.3 million, up 177% month-on-month

According to PeckShield monitoring, the crypto industry experienced 30 major hacking attacks in July, with total losses of US$210.3 million, an increase of 177.2% over the previous month of US$75.87 million in June. The COLDCARD incident caused around $70 million in losses and is the third-largest cryptocurrency theft so far this year. The specific security incidents are as follows: COLDCARD: about $70 million, AFX Trade on the Arbitrum platform: about $24 million, Ostium: about $24 million, BONK: about $21.2 million, Wanchain: about $13 million, Triple-A: about $10 million, Bonzo Lend: about $9.05 million, Verus: about $7.5 million, WEMIX: about $6.25 million, Summer.fi: Approximately $6 million.

21d ago#On-chain dynamics

Bonk Guy: Money blindly pursues a new chain meme narrative, most projects lack a real user base

Comparing the news, crypto KOL Unipcs (also known as “Bonk Guy”) posted an article stating that the trending story of Crypto Twitter (CT) and on-chain traders continuously rotating to chase each newly launched public chain is essentially a continuous search for new loss opportunities. Unipcs said that two weeks ago, the market focused on hyping up the Base ecological narrative due to the performance of Robinhood Chain, but in the end, the market did not continue. Last week, the market began to see Stable Chain as the next “Robinhood Chain” opportunity, and he himself had previously alerted the community to related risks. He said that currently the meme coin with the highest listing value on the Stable Chain has dropped by about 90%, and most meme projects have not received real market attention. Unipcs believes that it is not opposed to Tether or Arc Chain, both of which are likely to develop if they focus on stablecoin infrastructure positioning. However, forcibly incorporating every new chain into the meme coin narrative is an irrational market act. He said that many participants are unaware of the meme coin culture, which could lead to a sharp decline in investors' assets. For trading meme coins, Unipcs suggests focusing on ecologically based networks such as Robinhood Chain, Solana, and BNB Chain. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

22d agoburnking

The crypto industry lost approximately $1.32 billion in the first half of 2026, and access control flaws became the biggest source of attack

Comparatively, according to Onchain Lens statistics, 224 publicly disclosed security incidents occurred in the crypto industry in the first half of 2026, with a cumulative loss of about US$1.32 billion. Among them, access control flaws caused the most damage. Many large-scale attacks stemmed from permission management or private key/administrator rights being breached, including: Kelp DAO: loss of $292 million Drift Protocol: loss of $280 million Humanity Protocol: loss of $31 million Step Finance: loss of $30 million Truebit: loss of $26.5 million Resolv Labs: loss of $25 million AFX: Loss of $24.15 million BonkDAO: Loss of $21 million In addition, phishing and social engineering attacks caused losses of approximately $282 million; attacks related to the Oracle bug include: Ostium: $24 million Blend Protocol: $10.86 million Bonzo: $9 million. Data shows that a few major attacks contributed to most of the losses. Permission management, user security education, and oracle risk are still key areas of security protection for the crypto industry in 2026.

28d ago

Data: $1.32 billion in losses, 224 crypto hacking incidents in the first half of 2026 have been publicly disclosed

Comparing news, Onchain Lens posted an article on the X platform saying that in the first half of 2026, 224 publicly disclosed cryptographic hacking incidents caused a loss of about 1.32 billion US dollars. The biggest losses came from access control failures, phishing attacks, and oracle issues. In terms of attack type breakdown, access control failures involved privilege compromise and privileged access, driving many of the largest attacks, including Kelp DAO losing $292 million, Drift Protocol losing $280 million, Humanity Protocol losing $31 million, Step Finance losing $30 million, Truebit losing $26.5 million, Resolv Labs losing $25 million, AFX The loss was $24.15 million, and BonkDAO lost $21 million. In terms of phishing and social engineering attacks, social engineering attacks cost $282 million in losses. In terms of the oracle problem, Ostium lost $24 million, Blend Protocol lost $10.86 million, and Bonzo lost $9 million. Most of the losses were caused by a few incidents, with compromised privileges and privileged access driving many of the biggest attacks.

28d ago