The recent surge in the price of $BONK can be attributed to multiple factors, driving significant interest from both retail and institutional investors:

BurnMAS Initiative: The BonkDAO announced a large-scale token burn initiative called BurnMAS. Starting November 15, the event aims to eliminate up to 1 trillion $BONK tokens by Christmas, through activities like hashtags, social media interactions, and community engagement. This reduction in supply is creating upward pressure on the price

Whale Activity: Large-scale investors, or "whales," have been aggressively accumulating $BONK. For instance, notable purchases in the last two weeks amounted to millions of dollars, indicating strong confidence in the token's potential. This activity often triggers FOMO (fear of missing out) among smaller investors, further driving demand


Analysts have noted bullish patterns, such as the Elliott Wave formation, and $BONK trading above key support levels. If the momentum continues, price targets suggest significant upside potential​

#bIgEr4You #dogsday #AltcoinNextMove #GaryGenslerResignation