BONK, the Solana-based meme coin, continues to decline despite burning 1.69 trillion tokens. 🎭 The project, which aimed to reduce supply with the BURNmas event, did not create the expected effect and experienced a 7% decrease. Bitcoin's weak performance and low trading volume during the holiday period contributed to BONK's loss of value. Investors may also have turned to PENGU. Let's see if BONK can recover.