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#Bonk ($BONK ), one of the most popular meme coins in the Solana ecosystem, is preparing for a historic move that will make a splash in the cryptocurrency world: a 1 trillion token burn!
This development has begun to have deep effects not only on the supply side but also on market psychology. The Bonk price has increased by 70% in six days, exciting investors. But how effective will this token burn be and what does it mean for the future of BONK?
🧨 Historical Milestone from the Development Team: 1 Trillion Token Burn
To celebrate the achievement of surpassing 1 million users, the team behind Bonk is preparing for one of the largest burns in the history of meme coins: 1 trillion Bonk tokens will be permanently removed from circulation.
This move is one of the most serious steps Bonk has taken towards becoming not just a meme token, but also an effective community coin adopted in the Solana ecosystem.
A token burn is a deflationary mechanism that aims to theoretically increase the price by reducing the supply. From Ethereum’s vision of “ultrasound money” to Shiba Inu’s past big burns, this method is considered an effective tool in the crypto markets.
📈 What’s the Price Status? Bonk Up 70%!
Bonk price rose from $0.000014 on July 2 to nearly $0.000024 as of July 8 — an impressive 70% increase in just 6 days!
According to chart analysis:
Strong buying waves were observed between July 3 and 6.
The breakout of the $0.000016 resistance led to technical confirmation of the uptrend.
The slight pullbacks experienced on July 7-8 signaled profit taking by investors and a short-term consolidation.
💥 Technical Effect of the Burn: How Much Value Will It Really Add?
Circulating supply: ~77.4 trillion $BONK
Amount to burn: 1 trillion $BONK
Circulating supply after burn: ~76.4 trillion $BONK
This is only a 1.3% decrease in supply. So, it seems unlikely to have a dramatic impact on the price when looking at the supply-demand balance alone.
To explain with a simple example:
An investor holding $1,000 worth of Bonk would only increase their position by $12-13 assuming the market remains the same.
But in crypto, it’s not just math, but also emotion and momentum.
🧠 Psychological Impact: Is FOMO Coming?
Token burns act as a psychological catalyst, especially in the meme coin universe.
That is:
Induces FOMO (fear of missing out)
Rekindles community interest
Can spark waves of speculative buying
“The rally is coming!” creates a perception
We have seen this effect clearly in tokens such as SHIB, DOGE and PEPE before. Even when fundamental data is insufficient, we have witnessed prices jumping between 100%-500% due to market enthusiasm many times.
📊 Where is BONK: Can it Come Out of SHIB's Shadow?
BONK's market value is currently around $1.78 billion.
This is about a quarter of the size of Shiba Inu. However, it has already taken the title of the largest meme coin in the Solana ecosystem.
If this burn is supported by a strong story, speculation and new investor flow, BONK's 3-5x potential can even be discussed.
However, an important detail: It is not yet clear whether the burn will be done from developer wallets or by purchasing from the market. This detail will be the most critical element that will determine the real pressure on supply.
🔮 Conclusion: Burn Small But Could Have Big Impact
Although mathematically a 1.3% supply reduction may not seem like much, perception often trumps reality in crypto markets.
If the Bonk team positions this burn well in the media and social platforms, it could spark a new meme coin rally on Solana.
📌 In summary:
Factor Value / Status
Amount of Bonk to be burned 1 Trillion
Total supply in circulation ~77.4 Trillion
Supply reduction rate Approximately 1.3%
Price increase (July 2-8) 70%
Current market cap ~$1.78 Billion
Potential FOMO effect High
🐕‍🔥 Investor Note:
A 1 trillion token burn may not directly skyrocket the price...
But the story is strong, the momentum is there, the community is active.
When these things come together, we all know what is possible in the crypto world.
Bonk could be poised to make its mark in the second half of 2025. Stay tuned.
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