BONKbot review: fees, memecoins and safety

In short

• 1% fee on every successful swap — charged on the buy and again on the sell, so roughly 2% per round trip.
• Free to set up; no subscription. Solana network fees are paid on top and are owed even on failed transactions.
• Trades any Solana token with liquidity, including tokens that launched minutes ago.
• The wallet is generated for you and the seed phrase is exportable, but it stays hot either way, so only keep session-sized funds in it.
• Platform fees route into BONK buybacks and burns, and the Telemetry rewards ladder pays back up to 25% of your fees in SOL, with your own volume counting five times over.

Overview

BONKbot is a Telegram bot for trading Solana memecoins. You start a chat, it creates a wallet for you, you fund that wallet with SOL, and from then on buying is a matter of pasting a contract address and tapping a preset amount. There is no listing process and no wallet extension in the loop, which is why bots dominate the first hours of a coin’s life.

The economics are simple: 1% per successful swap, no subscription. Because the fee lands on both sides, a completed position carries about 2% of drag before the price moves at all — on a $500 buy and sell that is roughly $10. Solana’s own fees are added on top, and they are charged even when a transaction fails, which matters during launch congestion when failures cluster.

The distinctive part of BONKbot is where the fees go: part of the platform fee is routed to the BONK DAO and used for BONK buybacks and burns, which ties the bot to BONK tokenomics, though BONKbot does not publish the split itself. Traders on Telemetry earn cashback of up to 25% of their fees, paid in SOL, with their own volume weighted 5x against referral volume when setting the tier; referral links carry lifetime kickbacks.

The security model deserves more attention than the fees. On Telegram, the bot creates the wallet and the key lives behind a Telegram account protected by your phone number and whatever 2FA you have enabled. BONKbot describes Telemetry as a non-custodial architecture with passkey sign-in, which is better — but in both cases it is a hot wallet whose seed phrase you should export and store offline. That is an acceptable model for a few hundred dollars of trading capital and a poor one for a portfolio.

Memecoin coverage

Anything on Solana with a liquidity pool is tradeable, including tokens that graduated from Pump.fun minutes earlier. Coverage is therefore broader and faster than any exchange or mobile app.

That breadth is unfiltered. There is no review step between a scam contract and your buy button, so the contract address you paste is the only check in the system — get it from the project’s own channels or our coin pages, never from a reply in a group chat.

Nighthawk adds sniping on top of the swap flow: paste a Pump.fun contract address or a Meteora pool ID and it will execute at launch, in Precision or Speed mode, from a saved preset. That is the tool the fee is really buying, and it is also the one that burns SOL fastest on failed attempts.

For established coins that are listed on exchanges, a bot is usually the more expensive route: 1% per side against 0.05% on MEXC.

Key facts

What it costs

• BONKbot charges 1% on each successful swap. There is no charge for setting the bot up and no subscription.
• Because the fee applies to buy and sell, plan on roughly 2% per completed position before price movement.
• Solana network and priority fees are separate and are owed on failed transactions too — a meaningful cost when sniping a launch.
• Trading through Telemetry returns cashback of up to 25% of your fees, paid in SOL and scaled by volume; referral links pay lifetime kickbacks on referred users’ fees.

How to buy on BONKbot

1. 1

   Open the official bot, carefully

   Fake BONKbot clones are common. Reach the bot from the official site or a link you already trust, and verify the handle before funding anything.

2. 2

   Harden your Telegram account first

   Set a Telegram two-step verification password and a strong session policy. Your trading wallet is only as safe as this account.

3. 3

   Fund the bot wallet with a session amount

   Send only what you intend to trade with — SOL for the position plus a buffer for fees. Keep the rest in a wallet you control.

4. 4

   Paste the contract address and set slippage

   Get the address from the project or our coin page, then set slippage deliberately. On a launch, too tight fails repeatedly and too loose gets you a bad fill.

5. 5

   Withdraw winners out of the bot

   When a position becomes material, send it to Phantom or a hardware-backed wallet. The bot is a trading venue, not custody.

Safety and risks

• On Telegram, a compromised account is a drained wallet, because the key sits behind it. Two-step verification is mandatory, not optional.
• Only fund the amount you are actively trading; sweep profits out.
• Verify every contract address independently. Nothing in the flow protects you from buying a fake token.
• Failed transactions still cost SOL, so repeated snipe attempts during congestion burn real money.
• Fees fund BONK buybacks and burns — useful to know if you also hold BONK, and irrelevant to whether a given trade is a good idea.

Nothing here is financial advice. Memecoins are high-risk and can go to zero; only risk what you can afford to lose.

Alternatives to BONKbot

• Photon — A comparable Solana terminal at the same 1% fee, if you would rather connect an existing Phantom or Solflare wallet than use a platform-generated one.
• Moonshot — If you want a card-funded purchase and a simple app rather than a chat interface.
• MEXC — Much cheaper for coins that already have a CEX listing (0.05% taker versus 1% per side).

Coins to research next

• Bonk
• Dogwifhat
• Popcat
• Fartcoin
• Pump

Frequently asked questions