Meme Coin 'Bonk' Burns $54.5 Million Worth

JOON HYOUNG LEE

Summary

The issuer of Bonk announced that Bonk coins worth $54.5 million will be burned.
This burn corresponds to about 2% of the total supply of Bonk.
The burn will be carried out through a multi-signature vote of the Decentralized Autonomous Organization (DAO).

*Image=Virtual Asset Market Status Site 'CoinMarketCap' Capture*

$54.5 million (approximately 80 billion KRW) worth of Bonk (BONK) will be burned.

The Solana-based meme coin Bonk issuer announced on X that 1.69 trillion Bonk will be burned on the 26th.

The amount to be burned this time is about 2% of the total supply of Bonk, amounting to $54.5 million. Bonk plans to proceed with the burn through a multi-signature vote of the Decentralized Autonomous Organization (DAO).

BONK

JOON HYOUNG LEE

gilson@bloomingbit.ioCrypto Journalist based in Seoul

Meme Coin 'Bonk' Burns $54.5 Million Worth

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