In a bold and striking move, the Bonk (BONK) team announced the burning of over 100 billion tokens in one go, equivalent to about 3.4 million dollars at the current market value!
This strategic step aims to reduce supply and increase scarcity, which may pave the way for a future price rise 💥
---
🔥 What does 'burning' mean?
Token burning means permanently removing it from circulation, which reduces the available supply and thus enhances the market value of the currency if demand continues.
---
📈 Why is burning important now?
BONK is suffering from significant inflation in the number of tokens.
This burning process shows the project's seriousness in building a balanced digital economy.
The market reacted immediately with a price increase and trading volume exceeding 60% in just 48 hours.
---
🧠 How can you benefit as an investor?
If you're following BONK, this is a strong signal of intent to support the price in the medium term.
The burning process may lead to increased confidence from investors and institutions.
But don't forget: the market is volatile, so make sure to use capital management and stop-loss.
---
📌 Summary:
100 billion tokens were burned 🔥, and the market is awaiting the next move from Bonk DAO.
Could this be the spark that drives BONK to levels we haven't seen before?
