💥💥 Bonk DAO burns 84 billion tokens from its treasury, increasing the scarcity and value of BONK.

The BONK price climbs by 3.38% following the token burn, indicating cautious optimism among traders.

Technical indicators for BONK show a balanced market, with bullish MACD and a neutral RSI.

Bonk DAO, a memecoin initiative on the Solana network, has made a momentous move by destroying 84 billion BONK tokens from its treasury.

This operation tries to limit the circulating supply while increasing the long-term value of the crypto asset. The statement, issued on July 8 via the DAO's official X (previously Twitter) account, represented a watershed moment for the community.

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