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Recently, there has been a remarkable rise in the cryptocurrency markets, especially memecoin projects have received their share of this increase. Bonk, a Solana-based memecoin, increased by 43% due to the general revival in the market and the burning of 280 billion tokens. This rise significantly increased the value of the Bonk token.

BONK Continues Its Rise

At the time of writing, Bonk increased by 41.82% to $ 0.00002134 in the last 24 hours and recorded a weekly increase of 35.83%. Additionally, BONK's transaction volume increased by 391% compared to the previous day, reaching a transaction volume of 431.53 million dollars.

What's Happening on the BONK Front?

The increase in Bonk's value was supported by the revival of memecoin projects in general, as well as by a significant event in particular, such as the burning of 280 billion BONK tokens. This burn offer by BONK DAO contributed to the rise in price by reducing the token supply.

#BitcoinDunyamiz

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