Buyback Radar

BONK.fun BONK

Sell signal active

Sell signal held since Nov 4, before tracking started. no variant; REV ratio 1.3×, HR ratio 1.3×. Still open: payout at 25% of its 90-day peak. See Signals.

Launchpad, Solana, 192 days of data,

Not ranked: nothing returned to holders in the last 30 days (effective holders revenue $0)

Active signals 1

  • Sell signalheld since Nov 4

    Revenue over 30 days $1.6M, 33% of the 30 days before ($5.0M).

    Gradual decline over 30 days: revenue this week $553k, 1.3× the week before, paid to holders 1.3× the week before. Still open: payout at 25% of its 90-day peak.

Market cap

$233.7M

price $0.0000026 · 7d −14.8% · 30d −18.5%

FDV $229.0M (1.0× market cap)

source defillama

Counted per year

$0

bought back on-chain over the measured window, per year: lower than the $18.8M DefiLlama counts, so the measured amount is used

Mixedbuyback share 95%

On-chain we measured about $0 bought back against $1.5M holders revenue in 30 days, using 95¢ of every $1 it earns.

On-chain we measured about $0 bought back against $1.5M holders revenue in 30 days (DefiLlama's figure). Nothing counts in the multiple until a later check finds buybacks.

Multiple

∞

no effective holders revenue: nothing flows back to holders, so the multiple is unbounded

Run-rate

∞

last 7 days $528k × 52 × 0 (on-chain cap) = $0 a year

What we checked

  1. Valuation

    No effective holders revenue, so the multiple is ∞: nothing to value the token on.

  2. Distribution

    Mixed: Part buyback, part distribution or burn; the exact split is not known. Holders got $1.5M of $1.6M revenue in 30 days → buyback share 95%. DefiLlama: “BonkFun Trading Fees: Before 10th jun 2025: 43% of total fees (Buy/burn 35% + SBR 4% + BonkRewards 4%).”

  3. Sustainability

    Holders were paid on 30 of 30 days (100%); largest single day 8% of the month's holders revenue; paid to holders this week: 25% of the best week in 90 days (more than half below peak). Revenue +28% over 7 days and −67% over 30 days, price −19% over 30 days.

What this does not tell you

The figures come from DefiLlama's adapter for each child protocol. Only a few tokens have an on-chain check (see How the buyback really works); for the rest, whether the tokens were really bought, burned or parked in a treasury wallet is not checked here. Unlocks count where DefiLlama or our research has a vesting schedule; team discretion and liquidity depth only once researched.

Flags

  • Sell signalheld since Nov 4, before tracking started; no variant; REV ratio 1.3×, HR ratio 1.3×. Still open: payout at 25% of its 90-day peak. See Signals
  • Disputed on-chainon-chain we measured about $0 bought back against $1.5M holders revenue in 30 days. The multiple counts nothing until a later check finds buybacks, and the token stays out of the Cheap lens, buy signals and the paper portfolio
  • Payout >50% below peakthis week's holders revenue is 25% of its best week in the last 90 days ($2.1M)
  • Data issue: chain mapping missingData issue (chain mapping missing): warning, scores are computed as usual

How the buyback really works

Researched Nov 1, 2026 · 2 wallets: 2 high confidence

  1. The moneyPaid from ongoing revenue
  2. The buyerThe team decides when and how much
  3. The tokensBought tokens go to the treasury (not burned, not paid out)

The project says 51% of its fees goes to buybacks, in line with DefiLlama (52.2% of bonk.fun-launchpad's fees). Our research found the buyback was changed or stopped; see the highlighted red flag.

On-chain: $0 bought back over 30 days = 0% of what DefiLlama reports for the same days.

Method: Helius enhanced transactions: BONK received by the 'Buy for BNKK' wallet 3rqU… (the 51% buying budget; buy-and-burn was abolished on 2025-12-03). Checked November 12, 2026.

Red flags 6

  • Buyback stopped: Buy and burn was ABOLISHED as of 2025-12-03 (35% to 0%; SBR 4% to 0%; BonkRewards 4% to 2%). According to its own distribution timeline it was replaced by 51% 'Buy for BNKK': purchases for the treasury of a listed company, not burned and not for holders.
  • The BNKK wallet has been empty and inactive since 2026-05-04. According to Blockworks, Bonk, Inc. held a flat 2.48T BONK in Q3 2026.
  • The old burn wallet holds about 217.2 billion BONK that have not been burned.
  • DefiLlama's calculation (letsbonk) still uses 58% holders revenue (Buy/Burn 50% + SBR 4% + BonkRewards 4%). That is outdated.
  • More importantly: since 2025-08-18 DefiLlama's calculation counts all SOL arriving at 56XVRVAsgWv6ADaxzoNnbL38LMoWKM5WiSAhrAWUbd2p as BONK.fun platform fees. According to DefiLlama's StonkFun adapter, that is the program-wide fee-vault authority of Raydium LaunchLab, shared by all LaunchLab platforms (including StonkFun). That likely explains the gap between DefiLlama ($3.16M fees and $1.79M holders revenue over 30d) and the official dashboard ($17.98K in Oct 2026).
  • BONKbot revenue (the largest BONK burner) falls outside the bonkfun slug.
Buyback wallets 2
  • Solana3rqUcR…CTeF on Solscanhigh confidence
    revenue.letsbonk.fun
  • Solana6QyD4v…Zgs1 on Solscanhigh confidence
    revenue.letsbonk.fun
Sources 7

Open the buyback wallets in their explorer and look for regular purchases of the token.

Check it yourself (technical)

(1) Official revenue: https://revenue.letsbonk.fun/api/revenue (cumulative solRevenue). The difference over 30 days x 0.51 is the claimed BNKK buying budget. The dashboard showed $17.98K (164 SOL) for all of October 2026, with the latest data on 2026-10-28. (2) Execution: track SOL/USD1 outflows and BONK purchases (mint DezXAZ8z7PnrnRJjz3wXBoRgixCa6xjnB7YaB1pPB263) from 3rqU... via Solana RPC getSignaturesForAddress and getTransaction, and check the BONK balance with getTokenAccountsByOwner. Also look for SPL burns of the BONK mint from 6QyD.... Own check on 2026-10-31: the BNKK wallet has been inactive since 2026-05-04 and the burn wallet since 2026-06-01, so the executed buyback per 30 days is ~0. (3) Do NOT use DefiLlama for this (see red flags).

Holders revenue / revenue (30d)
$1.5M / $1.6M
last 30 closed days
To holders
On-chain we measured about $0 bought back against $1.5M holders revenue in 30 days
FDV / dilution
$229.0M / 1.0×
FDV ÷ market cap
Price 7d / 30d
−14.8% / −18.5%
Revenue growth 7d / 30d
+28% / −67%
versus the period before
Divergence
0.00
revenue growth minus price growth, 30d
DEX liquidity
$3.0M
DexScreener, representative pools
24h volume
$21.6M
all markets, CoinGecko
Unlocks 30d
$0
99% or more of the max supply already circulates
Revenue multiple
11.7×
market cap ÷ revenue per year
Fee multiple
6.3×
market cap ÷ fees per year
Distance to peak
25%
this week ÷ best week of 90 days
Data since
May 4
first day with holders revenue

Holders revenue and price

Holders revenue per day7-day averagePrice (right axis)▲ ▼ signal days (history below)

Multiple over time

today ∞ (scored) · peer median 1.7×

Market cap at close ÷ (holders revenue of the previous 30 days × 365 ÷ 30), with holders revenue capped at revenue and × the type factor: the same effective multiple as the peer median. Values above 100× are drawn at the top. Bands as on the meter; dashed line = peer median today.

Signal history

Signal history of this token: date, type, price at the signal, price after 7 and 30 days, change since the signal and the outcome
DateSignalPrice thenAfter 7dAfter 30dSinceOutcome
November 4, 2026Sell signalactive$0.0000028——−7%not counted
October 31, 2026Sell signalvoided Nov 1: rule change of 31 Oct 2026: it would not open under the current rules$0.00000292−4%—−11%not counted

Versus peers

Launchpad · 6 tokens · median multiple 1.7×

Main-ranking peers only. Multiples count holders revenue capped at revenue, × the type factor (buyback 1 · buyback + burn 1 · burn 0.75 · mixed 0.75 · distribution 0.5 · unclear 0.5 · ve-distribution 0.25).

This token against its main-ranking peers: multiple, revenue multiple, buyback share, holders revenue, market cap and revenue growth
TokenDistributionMultipleRevenue multipleBuyback shareTo holders 30dMarket capRev. growth 30d
OTCBuyback + burn0.5×0.2×43%$292k$1.9M+111%
SaplingBuyback + burn0.9×0.7×82%$100k$1.1M−30%
StonkFunBuyback + burn1.7×1.0×60%$1.7M$34.5M−88%
PonsBuyback + burn5.7×5.7×118%$1.7M$99.8M−84%
PumpleaderBuyback5.8×2.6×44%$21.9M$1.54B−24%
BONK.funthis tokenMixed∞11.7×95%$1.5M$233.7M−67%
Score build-up10 of 100

Total score = 35% valuation + 25% momentum + 20% divergence + 20% quality − penalties, clamped to 0–100. Every number here can be recomputed from the figures on this page.

10of 100
Valuation 2.6Momentum 7.4Divergence 0.0Quality 13.3penalties −5= 18.4
Valuation35%
7Valuation 7.5: HR half 0.0 (multiple n/a (effective HR 0) → 0; 100 at ≤3×, 0 at ≥100×, log scale), revenue half 14.9 (revenue peer value 0.46×; 0 at ≤0.33×, 50 at 1×, 100 at ≥3×, log scale).Average of two halves. HR half: linear in log(multiple), 100 at ≤ 3×, 0 at ≥ 100×, 0 without effective HR. Revenue half: linear in log(revenue peer value), 0 at ≤ 0.33×, 50 at 1×, 100 at ≥ 3×; neutral 50 when the peer group falls back to the universe.
Momentum25%capped
3030 before the peak capMomentum 29.8: m = 0.5·g7 0.250 + 0.3·(ln(day jump 0.54) clamped ±1.5 = −0.611) + 0.2·g30 −1.122 = −0.283; 0 at ≤−0.7, 50 at 0, 100 at ≥1.1.m = 0.5·g7 + 0.3·ln(day jump, clamped ±1.5) + 0.2·g30; 0 at m ≤ −0.7, 50 at 0, 100 at ≥ 1.1. Neutral 50 when g7 or g30 is missing; a missing day jump counts as 0.
Divergence20%capped
0Divergence 0.0: d = g30 − p30 = 0.000; 0 at ≤0, 100 at ≥1.5.d = max(0, g30 − p30) when g30 > 0; 0 at d ≤ 0, 100 at d ≥ 1.5, linear.
Quality20%
67Quality 66.7: mean of days HR>0 100% → 100.0 (0 at ≤30%, 100 at ≥90%), largest day 8% of HR30 → 100.0 (0 at ≥60%, 100 at ≤15%), distance to peak 0.25 → 0.2 (0 at ≤0.25, 100 at ≥0.9).Average of: share of days with HR > 0 (0 at ≤ 30%, 100 at ≥ 90%), 1 − largest day ÷ HR30 (0 at ≥ 60%, 100 at ≤ 15%) and distance to peak (0 at ≤ 0.25, 100 at ≥ 0.9).
  • Penalty −5 (team_discretion): buyback at the team's discretion.
  • No holders revenue: total 18.4 → 10.0 (effective HR30 is 0; not ranked).

HR7 is below 50% of its 90-day peak: momentum and divergence are capped at 50. This is not a penalty; the distance already counts in quality.

Penalties−5

−5Buyback at the team's discretionbuyback at the team's discretion

9 rules not applied, 2 wait for research data.

Where the numbers come from
Revenue source
5 active children
DefiLlama adapter per child
Price and market cap
defillama / defillama
latest fetch
Scored on
November 11, 2026
as-of date of the last compute run
On-chain verified
no
checked Nov 12
Protocols behind this token5 at DefiLlama

Per protocol: DefiLlama's methodology text, the distribution type we read from it and the sentence that decided it. The token takes the type of the protocol that returns the most to holders.

  • BONKbot
    Telegram Bot · Solana
    type unclear · source none

    No methodology text at DefiLlama.

    adapter on GitHub ↗
  • Bonk Staked SOL
    Liquid Staking · Solana
    type unclear · source none

    No methodology text at DefiLlama.

    adapter on GitHub ↗
  • BONK.fun Launchpad
    Launchpad · Solana
    type mixed · source label
    “BonkFun Trading Fees: Before 10th jun 2025: 43% of total fees (Buy/burn 35% + SBR 4% + BonkRewards 4%).”

    Before 10th jun 2025: 43% of total fees (Buy/burn 35% + SBR 4% + BonkRewards 4%). After 10th jun 2025: 58% of total fees (Buy/burn 50% + SBR 4% + BonkRewards 4%).

    BonkFun Trading Fees
    Before 10th jun 2025: 43% of total fees (Buy/burn 35% + SBR 4% + BonkRewards 4%). After 10th jun 2025: 58% of total fees (Buy/burn 50% + SBR 4% + BonkRewards 4%).
    adapter on GitHub ↗
  • Bonkswap
    Dexs · Solana
    type buyback · source label
    “Token Buy Back: Swap fees allocated to buybacks.”

    Swap fees allocated to buybacks.

    Token Buy Back
    Swap fees allocated to buybacks.
    adapter on GitHub ↗
  • Telemetry
    Trading App · Solana
    type unclear · source none

    No methodology text at DefiLlama.

    adapter on GitHub ↗