BONK Token Soars 21% as 1 Trillion Burn, ETF Buzz, and Surging Holders Fuel Rally

BONKUSDT experienced a strong 21.36% price increase in the last 24 hours, rising from 0.00001812 to 0.00002199 USDT on Binance. This surge is attributed to several key factors: a breakout from a descending channel, reclaiming of key exponential moving averages, and heightened market optimism following the announcement of a planned 1 trillion token burn as a deflationary measure. Additional momentum was driven by Tuttle Capital's consideration of a 2x leveraged BONK ETF and a rapid increase in the number of BONK holders, which is nearing 1 million. Trading volume exceeded $955 million, reflecting substantial market participation and buy-side dominance, while BONK's market capitalization stands at approximately $1.78 billion with a circulating supply of 80.50 trillion tokens. The recent rally is supported by strong community sentiment and technical indicators pointing to continued bullish momentum.