The $BONK community is buzzing with excitement as they consider two major token burn proposals that could redefine the coin’s trajectory. Here’s what you need to know about these game-changing initiatives and how they’re already making waves in the market.
🚀 First Proposal: 84 Billion $BONK Burn from DAO Treasury
The first proposal under consideration involves burning 83,917,950,070 $BONK tokens (approximately 84 billion) from the BONK DAO treasury. This bold move has already sparked a significant market reaction, with BONK’s price surging by 25.08% in just 24 hours—from $0.000021 to $0.000027. The impact on market sentiment and community engagement has been undeniably strong.
🎇 Second Proposal: A Massive 1 Trillion $BONK Burn
The second, more ambitious proposal suggests burning 1 trillion $BONK tokens as a way to celebrate the coin’s second anniversary. If passed, this burn could lead to a more profound reduction in the circulating supply, positioning BONK for potential long-term value growth.
🔥 Historical Context: The April Burn’s Success
Back in April, the BONK community approved a monumental burn of 278 billion tokens, with a nearly unanimous vote of 99.99%. The success of this burn set a precedent and demonstrated the community’s willingness to take significant actions to support the token’s stability and growth.
📈 Immediate Market Reactions and Growth
The latest 84 billion token burn proposal has had immediate effects, boosting BONK’s market capitalization by 24.77%, reaching $1.77 billion. Trading volume also skyrocketed by 151.63%, hitting $516.43 million, showcasing a surge in market interest and confidence.
These burn initiatives are more than just a strategy to reduce the circulating supply—they represent the project’s dedication to fostering long-term growth and strengthening community trust. With such positive responses and notable market movements, the question remains: Will these burns be the catalyst that propels $BONK to new heights?
Stay tuned as the community votes on these proposals and watch for further price movements and strategic developments.
