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).
$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).
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
![New York Fed: “Consumers bear the tariff burden”…White House: “Authors should be disciplined” [Fed Watch]](https://media.bloomingbit.io/PROD/news/87ebedd1-8a5c-444e-87ac-cebfc3ca6b4f.webp?w=250)
![Hinting at the possibility of rate hikes…Fed officials split over resuming rate cuts [Fed Watch]](https://media.bloomingbit.io/PROD/news/a98b716e-1e48-4018-84e8-7dc38b1e1315.webp?w=250)
![Wall Street cheered Nvidia–Meta tie-up, but ‘flinched’ at rate-hike talk [New York market briefing]](https://media.bloomingbit.io/PROD/news/32f5a9d3-5551-4f6e-bbd3-aa4cf4d0d897.webp?w=250)