Bonk (BONK) surpasses Dogwifhat (WIF) to become the fourth largest meme coin with a market cap of $3.81 billion.The surge in market cap is attributed to the announcement of burning 1 trillion Bonk tokens in December.Bonk's price reaches an all-time high of $0.00005626, with a 99% surge in the last seven days and an ROI of 5,068,794%.The burning exercise, called BURNmas, involves token burns for various activities, creating a network effect and driving demand.