1.6 Trillion BONK Tokens Burned in “BURNmas” Campaign! 🎄🐕🔥
The BonkDAO community is ending the year with a bang through its deflationary holiday campaign, BURNmas. Here’s what’s happening:
🔥 Key Details
Burn Event: 1.6 trillion BONK tokens (~$53.5 million) are being permanently burned, reducing the supply by 1.8% of its total (92.7 trillion tokens).
Community Involvement: Activities like tweeting #LetsBonk, following BONK on social platforms, and placing wagers on BONKbets are fueling the burn event.
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📊 BONK’s Market Snapshot
Recent Burns: In November, $4M worth of BONK was burned, resulting in a 75% surge in market cap from $2.3B to over $4B within a week.
Current Status: Market cap sits at $2.5B with a 6.1% gain in the last 24 hours, trading at $0.00003261.
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🏆 Memecoin Rankings
Top Memecoin on Solana 🌐
4th Largest Globally, trailing only DOGE, SHIB, and PEPE. 🐕💎
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💡 Why This Matters
Token burns reduce supply, often leading to higher value due to increased scarcity. With BONK’s history of post-burn surges, BURNmas could reignite excitement and growth in the memecoin space.
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Quick Recap
BONK is turning up the heat this holiday season! With 1.6T tokens burned and a strong community campaign, the memecoin continues to dominate, setting the stage for a potentially explosive 2024.
#BONK #BURNmas #LetsBonk
⚠️ Disclaimer: This is not financial advice. Crypto investments carry risks. Do your research and consult a professional before investing.
$BONK