Whale Moves 308B BONK Tokens to Coinbase Ahead of Event
The Big BurnWhale transferred 308 billion BONK to Coinbase, which
It has raised more interest in the token. The BURNmas event will mint 1 trillion BONK tokens by Christmas. The value of BONK has increased.
Sharply this month due to the growing enthusiasm around the burn. The crypto whale moved 308.166 billion BONK tokens worth $14.43
$1 million to Coinbase as part of a major deal. It was reported that
This activity was conducted by Wu Blockchain using data from Arkham Analytics, and the whale began buying BONK tokens in December 2023, gradually increasing his holdings until April 2024.
Burning BURNmas tokens will greatly reduce the supply.
The BONK community is on a major event called BURNmas, which
It aims to burn 1 trillion tokens before December 24. The initiative started on November 15 and will end on Christmas Day when the tokens will be burned.
Final at midnight UTC. Participants can join
In various activities that contribute to the burning, such as posting on social media using the hashtag “#LetsBONK”,
Which removes 1,000 tokens per post. Additionally, every new follower to BONK’s social media accounts leads to
Burn 10,000 tokens, and community members can also contribute through game-oriented activities. Activities on BONK's way to
Sustainable Growth These activities include watching BONK anime series or using GameFi platforms like
Moonwalk Fitness, where transactions burn 50,000 tokens each. Also trading on platforms like BONK.LIVE
Saturnbot also contributes by clearing tokens with every transaction, creating constant interaction within the community. The price of BONK has risen sharply in recent weeks, rising 34% over the past week and 131.3% this month. This surge has led to an increase in
Excitement among investors who are closely monitoring its performance as the event progresses. Uncertain future for BONK despite popularity
Growing While BONK’s recent surge has generated interest, its long-term potential faces challenges as achieving significant growth requires overcoming significant hurdles. To reach $1, BONK would need to increase in value by more than 20,000x,
Which would push its market cap to $75 trillion. This figure far exceeds the current total cryptocurrency market cap, which is estimated at $1.3 trillion, creating significant constraints on BONK. Often
Meme tokens like BONK and PEPE rely on short-term attention spans, and a lack of interest can make sustainable growth difficult.