Wu said that BonkDAO plans to burn 16.9 trillion BONK, worth about 54.52 million USD, as part of the community festival event 'BURNmas', aimed at increasing the scarcity of BONK. The upcoming burn represents nearly 1.8% of the total supply of BONK (approximately 92.7 trillion). The official statement indicated that these tokens will be burned through a multi-signature vote by BonkDAO afterwards.