BonkDAO plans to burn 1.69 trillion BONK, worth approximately 54.52 million USD, as part of the community festival event 'BURNmas', aimed at increasing the scarcity of BONK.

The upcoming burn accounts for nearly 1.8% of the total supply of BONK (approximately 92.7 trillion). The official statement indicates that these tokens will be burned through a multi-signature vote by BonkDAO in the future.