Behold, dear reader: the BONK.fun domain, a once vibrant launchpad of Solana memes, has fallen victim to an intergalactic cyber-assault, deploying a wallet drainer that politely asks your funds to politely vacate the premises.
Despite a glorious peak where Bongasaurus spp. of money consolidated 84% of Solana’s launchpad market mid‑2025, the BSD (Balloon Space Disco) effect has turned that figure into a mere 7% by the year’s end, according to data mined from the ever‑oblivious Dune.
Why does this matter:
- Anyone who dared to interact post‑breach is now in direct contact with a wallet drain that could moon‑walk their on‑chain funds to a faraway, unapproved location.
- The incident erodes trust in a launchpad already reallocating troves to its rival, Pump.fun.
- Such security blips starkly highlight the danger of trusting multi‑factor protection at launchpads more often than a stereoscopic panopticon.
The details:
- On X (the now‑corporate‑supertransmogrifier of Twitter), BONK.fun croaked: “A malicious actor has commandeered the BONKfun domain-do not interact until we have secured everything.”
- A rogue team account was hijacked and turned into a ruthless wallet drainer right on the platform, as per the project’s own broadcast.
- Following the intrusion, BONK (the token, not the character) took a 0.9% detour downwards, landing at $0.055879 at the time of frantic reporting.
- The incident remains under active investigation; any restoration timeline is as elusive as a Vogon poem’s original beat.
- Pump.fun captured over 70% of Solana’s launchpad market by February 2026, thanks to meliorative buybacks, turbo‑charged upgrades, and a tender acquisition of its wholly own Kolscan.
- BONK.fun’s revenue plummeted to $84,000 by year‑end 2025 versus Pump.fun’s $720,000, according to Dune’s bewildered analytics.
- A single absurd move to 0% fees in early 2026 caused a brief, almost imperceptible revenue spike before Pump.fun introduced further incentives, setting the scene for a new round of maddening market roller‑coasters.
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2026-03-12 08:20