$BONK Executes Record Token Burn but Price Holds Steady
$BONK completed the largest on-chain token burn in crypto history, eliminating 1.69T tokens worth $52M. The total supply dropped from 100T to 91T, representing 1.8% of the supply.
Despite the burn, $BONK’s price remains stable. It holds a $2.3B market cap, $253M daily volume, and over 860K holders.
Following listings on Coinbase and Robinhood, $BONK’s deflationary momentum is accelerating. The daily volume-to-market cap ratio now stands at 10.8%, signaling high activity but no immediate price surge. Traders are watching for the next move.
