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Bonk to Burn 1 Trillion Tokens After Nearing 1 Million Holders

  • Bonk plans to burn 1 trillion tokens after nearing 1 million holders without a specified timeline provided.
  • The current market cap for Bonk is about $1.8 billion, making the planned burn a small fraction of the total supply.
  • It remains unclear if the tokens will be removed from circulating supply or taken from team-owned reserves.
  • While the Bonk community welcomes the news, analysts caution that token burns in the memecoin space may not always lead to significant price changes.

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