BONK Price Soars After Burning 1.69 Trillion Tokens, as Lower Supply Boosts Its Value 🔥🔥

This burn represents 1.85% of the 90.97 Trillion BONK tokens currently in circulation, which is less than the original supply of 100 Trillion.

The “BURNmas” event took place on December 26, following a revised proposal from the BONK DAO to update the original plan. The event was originally scheduled for December 25, but was postponed after members voted to increase the burn from 1 Trillion to 1.69 Trillion tokens.

The BURNmas event concluded more than a month after the previous BonkDAO token burn in November, which removed $4 million worth of BONK tokens from circulation.

The move comes as part of BONK’s broader efforts to improve its token economics, boost the token’s value, and maintain a healthy supply in the market. 🔥

BONK is approaching a critical resistance level at $0.000034, which it has tested twice this week without breaking. If BONK breaks through this level, it could signal further price gains. $BONK