Token

Major

Solana

Base

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bonkdao-initiates-major-token-burning-campaign" data-wpel-link="internal" rel="noopener noreferrer nofollow">BONKDAO Initiates Major Token Burning Campaign</a><br></p>
<p style="text-align: justify">BONKDAO has kicked off an ambitious initiative to burn one trillion BONK tokens, representing an approximate value of $43 million based on current market rates. This campaign follows a previous burn of $4 million in BONK tokens, marking a significant move in the realm of memecoins on the <a href="https://en.bitcoinhaber.net/gsr-markets-predicts-solana-price-surge" data-wpel-link="internal" rel="noopener noreferrer nofollow">Solana</a> blockchain.</p>
<h2 id="what-are-the-goals-of-the-burning-campaign">What Are the Goals of the Burning Campaign?</h2>
<p style="text-align: justify">The campaign aims to decrease the total supply of $BONK, which is expected to enhance its market value and benefit the community overall. In a blog post, BONKDAO highlighted the importance of community involvement, urging members to use the #LetsBONK hashtag or participate in sports betting on BONKbets to amplify the burning process.</p>
<h2 id="which-new-platforms-have-integrated-bonk">Which New Platforms Have Integrated BONK?</h2>
<p style="text-align: justify">The launch of this burning campaign aligns with an announcement from the Aerodrome team regarding BONK’s integration with the Coinbase-supported L2 Base through the Wormhole protocol. Additionally, <a href="https://en.bitcoinhaber.net/binance-converts-ten-tokens-to-usdc" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance</a>.US welcomed BONK to its trading platform earlier this week.</p>
<p style="text-align: justify">In recent data from CoinGecko, BONK has seen a price increase of 14% in just 24 hours and a staggering 100% rise over the past week, positioning it as the fifth-largest <a href="https://en.bitcoinhaber.net/investors-eye-volatile-cryptocurrencies" data-wpel-link="internal" rel="noopener noreferrer nofollow">memecoin</a> in the cryptocurrency market with a market cap of $3 billion.</p>
<ul>
 <li>The token burning strategy is designed to reduce supply and potentially boost value.</li>
 <li>Community involvement is crucial for the campaign’s success.</li>
 <li>Recent integrations with major platforms enhance BONK’s visibility and trading opportunities.</li>
</ul>
<p style="text-align: justify">Launched in late 2022, BONK aimed to reward the Solana community during a challenging year. The current burning campaign represents a strategic effort to not only reduce token supply but also to elevate BONK’s market presence as community engagement continues to be a focal point for its long-term value.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/bonkdao-initiates-major-token-burning-campaign" data-wpel-link="internal" rel="noopener noreferrer nofollow">BONKDAO Initiates Major Token Burning Campaign</a></h5>

BONKDAO Initiates Major Token Burning Campaign

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