Is LetsBonk (Bonk.fun) custodial? Who holds your funds?
No. Bonk.fun is listed as non-custodial: your funds stay in a wallet you control, not with the venue.
Checked 2026-10-16 · 2 sources- Terms describe Bonk.fun as "a non-custodial front-end interface" that cannot access, recover or reverse transactions from your wallet.
- Non-custodial does not mean risk-free. Smart-contract bugs, phishing and malicious approvals can still lose funds.
- We list 1 reported incident for Bonk.fun on its legit check.
Sources: Bonk.fun Terms of Service · Raydium LaunchLab overview. The venue's own page wins if it disagrees with ours.
Bonk.fun
Launchpad. Bonk.fun (formerly LetsBonk.fun) is a Solana memecoin launchpad from the BONK community, built on Raydium's LaunchLab infrastructure and launched in April 2025. Nasdaq-listed Bonk, Inc. holds a 51% revenue interest in the platform.
Full Bonk.fun sheet: fees, custody, incidents →