A recent post on X has stirred excitement among crypto enthusiasts, claiming that $BONK , a Solana-based memecoin, could soar to $1 in the current bull rally. The post touts aggressive supply burns—alleging over 1 trillion tokens already burned and another trillion in the pipeline—as the driving force behind this potential surge. Tagged with #memecoin and rocket emojis, the message paints an overly optimistic picture. However, a closer look reveals why this narrative is more speculative hype than grounded reality.
First, let’s address the numbers. $BONK’s circulating supply stands at approximately 80.9 trillion tokens, with a total supply of around 88.8 trillion. For the token to reach $1, its market capitalization would need to hit $80.9 trillion—more than double the entire cryptocurrency market’s current valuation of roughly $3 trillion (as of July 2025). Even with the reported burns—1.69 trillion in late 2024 and a planned additional trillion—the remaining supply remains astronomical. Supply reduction can boost value if demand holds or grows, but the scale required for a $1 price defies economic logic without an unprecedented, near-impossible surge in adoption.
The post’s reliance on burn statistics also raises questions. While token burns can create scarcity, the impact is often overstated in memecoin circles. $BONK’s burns, though significant in volume, represent a tiny fraction of its total supply (less than 3% combined). This is unlikely to trigger the exponential demand needed to justify a 10,000-fold increase from its current price of around $0.00004. Historical data on memecoins like Dogecoin and Shiba Inu shows that even massive burns and hype rarely translate to such extreme valuations without broader market shifts—shifts $BONK has yet to demonstrate.
Moreover, the post’s bullish tone leans heavily on emotional appeal—emojis and hashtags like #memecoin and #Bonk—rather than data-driven analysis. This is a hallmark of pump-and-dump schemes, where retail investors are lured by FOMO (fear of missing out) only to face steep losses when the hype fades. The crypto market, while volatile, rewards fundamentals and sustainable growth, not just supply manipulation.
In conclusion, while $BONK’s burns may offer some upward pressure, the claim of hitting $1 in this bull rally is a fantasy unsupported by current market dynamics or economic feasibility. Investors would do well to approach such posts with skepticism, relying on verified data over social media exuberance. As of July 18, 2025, the rocket ship $BONK is riding seems destined to crash back to earth.
