BONK Plans To Burn Tokens Before Christmas

JAKARTA - BONK, one of the crypto tokens that stole attention at the end of this year, is holding an ambitious campaign titled "BURNmas." The campaign aims to burn 1 trillion tokens before December 24. The token burning program is expected to boost the value of the BONK token to 0.11 US dollars (Rp1,782).

The target indicates an extraordinary price increase of 328,000% from the current value, which is 0.00003128 US dollars (Rp0.506).

This big step came into the spotlight after BONK was announced to be on the list of tokens trading on the Robinhood platform. The announcement immediately triggered a price spike of up to 30% in just one day, reflecting investor enthusiasm for the future of this token.

The BURNmas campaign itself began on November 15, and to date, more than 810 billion tokens have been successfully burned, approaching the final target of 1 trillion tokens.

The concept of token burn or token burning aims to reduce total supply, create scarcity, and increase token value in the market. In this campaign, the BONK community is encouraged to participate in various ways, including using the hashtag #LetsBONK on social media. Each upload with the hashtag will contribute 100,000 tokens to the total burning.

In addition to the economic aspect, this campaign also highlights the strength of the global community supporting the BONK. The collaboration shows high dedication to supporting the token ecosystem. Supporters hope that this step will not only increase prices, but also strengthen BONK's position in the increasingly competitive crypto market.

However, despite experiencing a significant price increase, the value of BONK is back slightly corrected. Based on CoinMarketCap data, the last price of this token is at 0.00003128 US dollars (Rp0.506). On the other hand, even though the potential for large profits is open, the risk in memecoin investment remains high, especially in developing projects such as BONK.