๐ฅ 1.6 Trillion BONK Tokens Worth $53.5M to Be Burned During โBURNmasโ! ๐๐๐ฅ
๐ The BonkDAO community is wrapping up the year with their deflationary holiday campaign, BURNmas! Hereโs the scoop:
๐ Key Highlights:
1.6 trillion BONK tokens (worth ~$53.5 million) will be burned, permanently reducing supply. ๐ฅ๐
This represents 1.8% of BONKโs total supply (92.7 trillion tokens), making the memecoin scarcer and potentially more valuable. ๐๐
The goal? Burn 1 trillion tokens by Christmas through fun, community-powered activities like tweeting #LetsBonk, following BONK on social platforms, and placing wagers on BONKbets. ๐ฏ๐ฒ
๐ BONKโs Recent Performance:
In November, $4M worth of BONK was burned, leading to a 75% surge in market capโfrom $2.3 billion to over $4 billion within a week, according to DexTools. ๐๐
Currently, BONK has a market cap of $2.5 billion, despite a 27% dip in the past 30 days. It has gained 6.1% in the last 24 hours to trade at $0.00003261, per CoinGecko. ๐โก๏ธ๐
๐ BONKโs Standing in Memecoin Rankings:
Largest memecoin on Solana ๐
Fourth largest across all blockchains, trailing only DOGE, SHIB, and PEPE. ๐๐
๐ก Why It Matters:
Token burns reduce supply, often driving up value. With BONKโs history of surges after burns, the BURNmas campaign could light up the memecoin space once again! ๐๐ฅ
๐ข TL;DR: BONK is on fire this holiday season! With 1.6T tokens burned and a history of market cap jumps after burns, this memecoin continues to lead the pack. ๐๐ฅ
#BONK #Memecoin #CryptoBurn #LetsBonk #BURNmas ๐
*โ ๏ธ Disclaimer:*
This is for informational purposes only and not financial advice ๐ก. Crypto is risky ๐ฅ; do your own research ๐ and consult a professional ๐ผ before investing. The author is not liable for any losses ๐ซ.