and the expected big news came $bonk supply burns will come to the market

so what does $BONK burns do?

BONK Coin supply burn is a strategy that aims to increase the value and interest in the project by reducing the total supply of the token. Supply burn is a frequently preferred method especially in meme coin projects that have high supply and aim to reach a wide audience.

The potential benefits of BONK Coin burning are as follows:

1. Encouraging Value Increase

Reducing the supply reduces the amount of BONK Coin in circulation. If demand remains constant or increases, the value of the token may increase due to the reduced supply. This may lead to a potential price increase for investors.

2. Reducing Inflation Pressure

In tokens with high supply, when there is an excessive amount of coins in the market, an inflationary effect may occur and the value of the coin may decrease. Reducing the BONK supply can reduce inflationary pressure and support the price to remain more stable and strong.

3. Increasing Community Interest

Community participation and interest are very important in meme coin projects. Supply burning shows the community that the project has long-term plans and can increase users' trust in the project. Investors' commitment to the project can increase and a long-term user base can be formed.

4. Market Balance

High-supply tokens like BONK can keep the circulation balanced by reducing the amount of coins offered to the market. When this balance is achieved, volatility in the token's price can decrease and a healthier market can be formed.

How is BONK Coin Burned?

BONK Coin's supply burn is usually done by sending coins to a special wallet. This process removes coins from circulation by sending them to a permanently inaccessible address.

BONK Coin's supply burn is a strategy that aims to increase the value of the token in the long term and attract investors, and can contribute to the token economy.