Will Solana’s $BONK Smash All The Price Records This New Year 🌀
The BONK community is abuzz with anticipation over two major token burn proposals that could reshape the coin’s future. Here’s a closer look at these potential game-changers and their immediate impact on the market.
🚀 Proposal 1: Burning 84 Billion BONK from the DAO Treasury
The first proposal aims to burn 83,917,950,070 BONK tokens (around 84 billion) from the BONK DAO treasury. This substantial reduction in supply has already led to a 25.08% price increase for BONK within 24 hours, pushing it from $0.000021 to $0.000027. The move has fueled strong community engagement and optimism around the coin’s growth.
🎇 Proposal 2: A Monumental 1 Trillion BONK Burn
The second proposal is even more ambitious, suggesting a 1 trillion BONK token burn to commemorate the coin’s second anniversary. If approved, this massive burn could significantly lower circulating supply, potentially supporting BONK’s value growth in the long term.
🔥 A Look Back: The April Burn’s Success
In April, the community overwhelmingly approved a major burn of 278 billion tokens, with nearly 99.99% in favor. This historic burn demonstrated the community’s commitment to enhancing $BONK’s stability and value.
📈 Market Reaction and Growth So Far
The latest 84 billion token burn proposal has already impacted the market, increasing BONK’s market capitalization by 24.77%, reaching $1.77 billion. Trading volume surged by 151.63%, hitting $516.43 million, reflecting heightened interest and confidence.
These burns aren’t just a supply reduction tactic—they reflect the project’s dedication to long-term growth and building community trust. With strong positive responses and noticeable market movement, the big question is: Will these burns help BONK reach new heights?
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