Burning 1 Trillion Bonk by Christmas, BONK Up 112% in 7 Days

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As a seasoned researcher with a knack for deciphering the intricacies of the digital asset market, I find the recent announcement by the Bonk team particularly intriguing. The decision to burn 1 trillion BONK tokens before Christmas is indeed an ambitious move, especially considering the monumental surge in the altcoin’s value over the past seven days.

The team working on Bonk (BONK), a well-known meme coin within the digital assets sector, has disclosed plans to initiate the destruction of 1 trillion BONK tokens before Christmas. Remarkably, the value of BONK has surged by an impressive 112% over the past week and is currently trading at $0.00005308 as this article goes live.

On social media platform X, the creators of BONK recently announced “BURNmas”, an occasion where BONK tokens will be occasionally destroyed according to certain interaction standards. This event started on November 15th at 12:01 am UTC and is scheduled to conclude on December 24th at 12:01 am UTC.

It’s worth noting that the Bonk team has verified that BONK tokens accumulated by the digital asset’s community through various tasks will be taken out of circulation on Christmas, specifically at 12:01 am UTC on December 25th. The team further outlined several actions that would lead to the destruction of BONK tokens.

For every post using “#LetsBONK” on X, a substantial 1,000 BONK tokens will be burned. The digital asset is trading at $0.00005248, which means that each use of the hashtag will result in $0.05248 worth of BONK being removed from supply. Additionally, for each new subscriber on Instagram, TikTok, and YouTube, the Bonk team will burn 10,000 tokens worth $0.5248.

People in the community can enjoy watching Team BaoBao’s animation show by BONK, and they have the opportunity to support the campaign as well. With each view on every episode of Team BaoBao, the project team will destroy 10,000 BONK tokens. Additionally, for every wager placed on BONKbets.io, an equivalent value of 50,000 BONK tokens worth approximately $2.624 will be eliminated.

50,000 BONK tokens will be eliminated when you send a BONKmark card on BONKmark.com, and 100 BONK will be destroyed for each step taken within the GameFi project Moonwalk Fitness. Furthermore, 100,000 BONK tokens will be taken out of circulation with every new holder of Bonk Earn (BERN) reflection token.

Among other token-destruction actions, we find the Solana-based platform BONK.LIVE and the Saturnbot trading bot. For every dollar transacted on each of these platforms, 50,000 BONK tokens will be eliminated from circulation.

BONK Price Trajectory and Prediction

According to a previous report from Coinspeaker, it’s projected that the price of BONK could reach a peak of approximately $0.0001120 by the end of this year and then dramatically increase to around $0.00002451 by the close of 2025. Furthermore, predictions for 2030 indicate that BONK may see substantial growth and potentially reach a maximum price of about $0.009847 by the end of that year.

Currently, BONK experienced a decrease of 1.58% over the last day but managed impressive growth of 116.84% within the past week. Notably, this places it among the tokens that have surged more than 100% in the last seven days. As of now, BONK has seen a staggering increase of 1734.91% since November 2023 and boasts a market capitalization of $3.87 billion. This positions it as the 30th largest cryptocurrency overall and fourth in the meme coin category.

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2024-11-18 15:31