BonkDAO has just announced that they intend to aggressively burn the circulating supply of BONK tokens through the recent 100 billion BONK burn.
BonkDAO burns 100B BONK
This is in addition to the company’s more significant ongoing commitment to burn 1 trillion BONK before Christmas in a bold initiative dubbed BURNmas, which runs from 00:01 AM UTC on November 15 to 00:01 AM UTC on December 24.
This BonkDAO burn aims to reduce the total supply of BONK and make the token more valuable by creating scarcity. According to BonkDAO, this large burn event will demonstrate long-term commitment to the BONK community and the sustainability of the token ecosystem.
1 Trillion BONK Will Be Burned by Christmas
BURNmas will be one of the largest, if not the largest, token burn in the crypto space: 1 trillion BONK will be burned from circulation over a month. This will significantly reduce the overall BONK supply and reduce inflationary pressures while increasing investor confidence.
The BONK token, which gained public attention earlier this year with strong support and viral marketing strategies, is still trying to stand out in a competitive market. This major burn, if successful, will solidify BONK’s position and truly show that BonkDAO is not only committed to creating hype but is actually taking concrete actions to improve the token’s value proposition.
