BONK Surges 5.7% as One Trillion Token Burn Nears and Institutional Interest Accelerates

BONKUSDT has experienced a notable price increase in the past 24 hours, rising by approximately 5.70% to $0.00003136 on Binance. This upward movement is primarily attributed to heightened investor anticipation surrounding an upcoming one trillion token burn, which is expected to reduce circulating supply once the holder count reaches one million. Additional drivers include Grayscale adding BONK to its watchlist, pending leveraged ETF filings by REXShares and Osprey, and increased institutional interest, as evidenced by a partnership with a Nasdaq-listed DeFi company and significant whale accumulation. On-chain data shows a substantial amount of BONK being moved off exchanges, indicating reduced selling pressure and growing investor confidence.

Currently, BONKUSDT is trading at $0.00003136 with a 24-hour trading volume exceeding $1.49 billion and a market capitalization of approximately $2.56 billion, reflecting strong bullish momentum and increased market activity.