BONK Price Prediction July 2024 – Massive Turnaround Ahead for Bonk? Community Vote Could Change ...

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The market for cryptocurrencies has been declining, with meme coins like Bonk, headquartered on Solana, being especially hard hit. In spite of these challenges, the Bonk community is actively thinking about taking a big step to strengthen its position in the market. 

There is currently a community vote on a plan to burn around 84 billion BONK tokens, which is the total amount of tokens that BONK DAO has accumulated via its revenue sharing with BONKBot during the second quarter. This decision has the ability to both stabilize and increase Bonk’s valuation in the face of wider market uncertainty.

Bonk Community’s Bold Plan

The Bonk community is considering a major action to burn around 84 billion BONK tokens, which represents all the tokens acquired by BONK DAO from its second-quarter revenue sharing in reaction to the state of the market.

BONKBot Currently under voting, BonkDAO has urged every BONK bearer to take part. Though they can withdraw their tokens once the six-day voting session finishes, participation entails holders depositing their tokens.

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