Solana-based meme coin BONK has jumped 30% in the last 24 hours as the BONK DAO announces an ambitious plan to burn 1 trillion tokens through a community-driven campaign.
The price of Bonk Bonk
5.03%
Bonk has also seen a 116% pump in the last seven days. The token currently holds a $3.49 billion market capitalization.
BONK’s BURNmas campaign details
The BONK DAO has unveiled “BURNmas.” The project has described this as the largest on-chain community-driven burn event in Solana’s history.
The campaign will run from November 15 at 12:01 am UTC through December 24, with the accumulated tokens scheduled for burning on Christmas Day at 12:01 am UTC.
The burn initiative introduces multiple engagement-based criteria for token burning.
