🚨🚨𝐁𝐎𝐍𝐊’𝐬 𝐁𝐔𝐑𝐍𝐦𝐚𝐬 𝐏𝐮𝐬𝐡: 𝟏 𝐓𝐫𝐢𝐥𝐥𝐢𝐨𝐧 𝐓𝐨𝐤𝐞𝐧 𝐁𝐮𝐫𝐧 𝐛𝐲 𝐂𝐡𝐫𝐢𝐬𝐭𝐦𝐚𝐬 – 𝐂𝐚𝐧 𝐏𝐫𝐢𝐜𝐞𝐬 𝐒𝐤𝐲𝐫𝐨𝐜𝐤𝐞𝐭?🚨
$BONK , the meme-inspired cryptocurrency, has seen a modest 0.5% increase in the past 24 hours, currently trading at $0.00003175, despite the broader crypto market experiencing a 1% dip. However, the token remains down by 12% over the past week, 31% for the month, and a staggering 45% from its November 20 peak of $0.00005825.
As part of its "BURNmas" initiative, BONK’s DAO has announced plans to burn at least 1 trillion tokens by December 25, with projections now suggesting the burn could reach 1.6 trillion BONK. This initiative, aimed at bolstering the token’s value, has the community rallying behind the cause, incentivized by activities such as burning 100,000 BONK for every tweet with the hashtag #LetsBONK. While this burn represents just 1.7% of $BONK ’s total supply and 2.2% of its circulating supply, it’s a symbolic move that may reinvigorate investor sentiment.
Technically, BONK’s charts signal a potential recovery. The RSI is bouncing back from oversold levels, while the 30-period moving average appears to be stabilizing relative to the 200-period average. Despite a concerning drop in trading volume compared to November’s highs, these indicators hint at a possible upward trajectory in the coming weeks. Optimists in the community speculate that BONK could reclaim $0.000050 by early 2025, with a stretch target of $0.00010 by mid-year.
Although the current burn and promotional activities haven’t yet ignited significant price movements, factors like an expected market resurgence tied to broader political and legislative developments in early 2025 could provide the catalyst $BONK needs. For now, the crypto’s loyal community is betting on its long-term potential, with some daring to dream of its ambitious price goal of $0.11.
