Bonk and the Continuous Burns 🔥🐶
In July 2024, the BONK team burned 84 billion tokens from the coin’s vault, as part of a strategy to reduce supply and increase market cap.
In November 2024, the BONK team announced plans to burn 1 trillion tokens by Christmas, with the goal of reducing circulating supply and increasing scarcity.
On December 21, 2024, the BONK team announced the burning of 949.14 billion tokens, reflecting their commitment to reducing circulating supply and increasing the coin’s value.
These consecutive burns demonstrate the BONK team’s commitment to reducing circulating supply, which could contribute to increasing scarcity and increasing the coin’s market cap.
Currently, BONK is trading at $0.00003133, down 0.09737% from its previous close.