#BonkDAO has initiated a major token burn event, #BURNmas , starting November 15 and running through December 24, with plans to burn a staggering 1 trillion $BONK tokens. The first phase of this effort involved the burning of 100 billion BONK tokens. The goal of this burn is to reduce the circulating supply of BONK, create scarcity, and ultimately boost the token's value by mitigating inflation. This aggressive strategy is designed to build long-term sustainability and investor confidence in the BONK ecosystem. If successful, the BURNmas event will be one of the largest token burns in crypto history, reinforcing BonkDAO’s commitment to increasing the value of BONK beyond viral marketing.
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