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BONK Aims to Burn a Trillion BONK Aims to Burn a Trillion by Christmas—Could Prices Explode 300,000%? Bonk's value has increased by 0.5% in 24 hours to $0.00003175 while the cryptocurrency market is down by 1% today. The meme has fallen 12% in a week, 31% in a month, and 45% from its all-time high on November 20 of $0.00005825. With its DAO planning to burn at least a trillion BONKs by December 25 in celebration of 'BURNmas', Bonk may be on its way back. The BURNmas tracker currently predicts 1.6 trillion BONK will be burned, and its inventor claims $0.11 as the long-term price target. In addition to BURNmas, the DAO and the Bonk team are urging community members to promote the token during BURNmas, as revealed in a blog post dated November 15. Bonk DAO is burning 100,000 BONK for every #LetsBONK tweet during BURNmas. With 1.6 trillion BONK expected to be burned, the community appears to be exceeding expectations. This represents 1.7% of the total BONK supply and 2.2% of the circulation. This may explain why BONK prices did not respond to BURNmas given such small volumes. They declined as the post-election recovery affected the market. Today, BONK charts show that the RSI (purple) is rising again after falling to near 30 several days ago, indicating an intermediate bottom. The currency's 30-period average (orange) may have completed its decline compared to the 200-period average (blue), and may rise above the long-term indicator in the coming days and weeks. BONK's trading volume of $300 million is low compared to November peaks, raising concern. The inauguration of Donald Trump next month could boost the market, and crypto-friendly legislation could follow. BONK may recover to $0.000050 by Q1 2025 and to $0.00010 by Q2.
$BONK