Bankless · Wednesday, August 5, 2026
Mike Dudas argues that while meme coins are often seen as purely speculative, some, like Bonk, have demonstrated the potential to build community and IP. He points to Bonk's evolution beyond a simple meme coin into a project with various products and ongoing support for the Solana ecosystem, highlighting its role in fostering goodwill and activity.
“So like to me, it still to this day, many years later, almost four years later, represents the best of memes and community. And I think shows that these things can be good, regardless of the value, which has fluctuated quite a bit over the years.”
“It ended up being more than $1,000 worth of bonk onto the phone. So you bought the phone. It was essentially free if you sold your bonk. And so that was exciting. It was great marketing. I think it showed the promise of these things when done with great care.”
“So, you know, like anything in crypto, The really, really, really positive ones, the bonks tend to be the outlier. And we have these permissionless blockchains where anyone can launch anything. And so over time, the meme coin landscape has changed over the last few years.”