<ul data-eligibleForWebStory="false">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.