The $BONK community is buzzing with excitement as they consider two major token burn proposals that could redefine the coinās trajectory. Hereās what you need to know about these game-changing initiatives and how theyāre already making waves in the market.
š First Proposal: 84 Billion $BONK Burn from DAO Treasury
The first proposal under consideration involves burning 83,917,950,070 $BONK tokens (approximately 84 billion) from the BONK DAO treasury. This bold move has already sparked a significant market reaction, with BONKās price surging by 25.08% in just 24 hoursāfrom $0.000021 to $0.000027. The impact on market sentiment and community engagement has been undeniably strong.
š Second Proposal: A Massive 1 Trillion $BONK Burn
The second, more ambitious proposal suggests burning 1 trillion $BONK tokens as a way to celebrate the coinās second anniversary. If passed, this burn could lead to a more profound reduction in the circulating supply, positioning BONK for potential long-term value growth.
š„ Historical Context: The April Burnās Success
Back in April, the BONK community approved a monumental burn of 278 billion tokens, with a nearly unanimous vote of 99.99%. The success of this burn set a precedent and demonstrated the communityās willingness to take significant actions to support the tokenās stability and growth.
š Immediate Market Reactions and Growth
The latest 84 billion token burn proposal has had immediate effects, boosting BONKās market capitalization by 24.77%, reaching $1.77 billion. Trading volume also skyrocketed by 151.63%, hitting $516.43 million, showcasing a surge in market interest and confidence.
These burn initiatives are more than just a strategy to reduce the circulating supplyāthey represent the projectās dedication to fostering long-term growth and strengthening community trust. With such positive responses and notable market movements, the question remains: Will these burns be the catalyst that propels $BONK to new heights?
Stay tuned as the community votes on these proposals and watch for further price movements and strategic developments.
