#Bonk Tokens Burn
Developers Burn 5 Trillion BONK as Solana-Based Meme Coin Slides
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Developers Burn 5 Trillion BONK as Solana-Based Meme Coin Slides
The downturn continues for the Doge-themed Solana-based meme coin BONK, despite the teamâs massive token burn.
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The developers behind Solana-based meme coin BONK burned their allocation of 5 trillion BONK tokens early Friday, in a bid to stem the tokenâs bearish momentum.
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After the token burn event, which saw nearly $1 million worth of BONK removed from circulation, BONKâs circulating supply shrunk 5% to 94.16 trillion, per data from Solana block explorer Solscan.
$BONK represents the best of Solana. Our community is working together across the ecosystem to make positive change for all of us.
The 5 Trillion $BONK tokens allocated to âThe Teamâ have been burned.
