BONK Token Faces 2.52% Dip Amid 1 Trillion Burn Plan and Surging Ecosystem Growth

BONKUSDT experienced a 2.52% price decline over the past 24 hours, closing at 0.00002208 USDT on Binance. The recent price volatility is primarily attributed to heightened market activity following the announcement of a planned 1 trillion BONK token burn as the number of holders approaches one million, which initially drove bullish sentiment and a price surge. Increased trading volume and ecosystem growth, including LetsBonk.Fun surpassing competitors in market share and daily volume, also contributed to the elevated interest. However, after the initial rally, profit-taking and market fluctuations have led to a short-term pullback.

Currently, BONK trades at 0.00002208 USDT with a robust 24-hour trading volume between $761 million and over $1 billion, a market capitalization estimated between $1.70 billion and $1.82 billion, and a circulating supply of approximately 77 to 80.54 trillion tokens. The token remains widely traded on major centralized exchanges, reflecting sustained market engagement despite recent price corrections.