BONK DELIK CRYPTO PONG
The Bonk (BONK) token experienced a 7.2% decline in price following the recent token-burning event, which successfully removed 1.69 trillion BONK tokens—valued at over $51 million—from circulation.
The event, dubbed “BURNmas,” was initially scheduled for Dec. 25 but took place a day later on Dec. 26 at 5:40 p.m. UTC.
This substantial burn reportedly accounted for 1.85% of the total circulating supply, reducing it from 100 trillion to approximately 90.97 trillion BONK tokens. The Bonk team had proposed burning 1 trillion tokens through community engagement on social media, offering to burn 1,000 BONK for posts that used the hashtag #LetsBONK and 10,000 BONK for each new follower on platforms like Instagram and TikTok.
The event, dubbed “BURNmas,” was initially scheduled for Dec. 25 but took place a day later on Dec. 26 at 5:40 p.m. UTC.
This substantial burn reportedly accounted for 1.85% of the total circulating supply, reducing it from 100 trillion to approximately 90.97 trillion BONK tokens. The Bonk team had proposed burning 1 trillion tokens through community engagement on social media, offering to burn 1,000 BONK for posts that used the hashtag #LetsBONK and 10,000 BONK for each new follower on platforms like Instagram and TikTok.
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