BONK Price Prediction July 2024 – Big change coming for Bonk? Community vote could change...

The cryptocurrency market is in decline, with meme coins like Bonk, headquartered in Solana, being hit particularly hard. Despite these challenges, the Bonk community is still actively thinking about taking a big step to strengthen its position in the market. 

There is currently a community vote on a plan to burn approximately 84 billion BONK tokens, which is the total number of tokens that BONK DAO has accumulated through revenue sharing with BONKBot in the second quarter. This decision has the potential to both stabilize and increase Bonk's valuation in the face of market uncertainty.

Bonk community's bold plan

The Bonk community is considering a major action to burn approximately 84 billion BONK tokens, representing all tokens bought back by BONK DAO from the second quarter revenue share in response to the state of the market.

BONKBot Currently in the voting process, BonkDAO has called on all BONK holders to participate. While they can withdraw tokens after the six-day voting session ends, participation requires holders to deposit their tokens.