#BONK Recovers Following 1.69 Trillion Token Burn

This burn represents 1.85% of the 90.97 trillion BONK tokens currently in circulation, down from the original supply of 100 trillion. 

The “BURNmas” event, held on December 26, followed a revised proposal from BONK DAO that updated the original plan. Initially scheduled for December 25, the event was delayed after members voted to increase the burn from 1 trillion to 1.69 trillion tokens.

BURNmas concluded more than a month after BonkDAO’s previous token burn in November, which removed $4 million worth of BONK tokens from circulation.

The move is part of BONK’s broader efforts to optimize its tokenomics, boost the token’s value, and maintain a healthy market supply

Read more on DailyCoin: https://dailycoin.com/bonk-recovers-following-1-69-trillion-token-burn/?utm_source=thecryptoapp