Bonk is making waves on Solana after builders confirmed plans to burn one trillion tokens—one of many largest provide reductions in meme coin historical past.
With a historic milestone approaching and a serious deflationary occasion forward, Bonk is making headlines because it approaches a serious milestone tied to a historic provide reduce.
Bonk (BONK) Value Evaluation
Supply – 99Bitcoins YouTube Channel
Whereas a lot of the crypto market has confronted a pullback, Bonk has charted a powerful course upward.
$BONK surged from $0.000014 on July 2 to almost $0.000024 by July 8—posting a 70% achieve in simply six days.
The chart exhibits a gradual uptrend, with momentum spikes on July 3 and July 6. Value motion was flat early on, hinting at quiet accumulation earlier than $BONK broke resistance at $0.000016, confirming its bullish breakout.
Sturdy follow-through carried it above $0.000022, coming into short-term worth discovery.
Whereas the development stays intact, a number of decrease wicks on July 7–8 counsel rising promoting strain as merchants take earnings—pointing to cooling momentum and potential consolidation.
Bonk’s Large Token Burn May Spark the Subsequent Meme Coin Rally on Solana
In line with official bulletins from the Bonk improvement group, a one trillion token burn is deliberate, tied to the mission reaching 1 million wallets/customers—a serious adoption milestone.
Token burns are a deflationary mechanism, popularized by tasks like Shiba Inu, which completely take away tokens from circulation.
In idea, this reduces provide and helps worth appreciation. Nevertheless, as seen with $SHIB, the precise worth influence of such burns can fluctuate considerably.
Bonk at present has a market cap of $1.78 billion, making it about one-quarter the scale of Shiba Inu.
The group has not but confirmed whether or not the tokens can be burned from developer reserves or in the event that they’ll be bought off the market after which destroyed. Extra readability is predicted within the coming updates.
How A lot Will the Burn Affect Value?
So what does burning 1 trillion $BONK tokens truly imply for holders?
At current, Bonk’s circulating provide hovers round 77.4 trillion tokens. Eradicating 1 trillion from circulation would deliver that quantity all the way down to roughly 76.4 trillion—a discount of simply over 1.3%.
On paper, that’s a comparatively small reduce. For instance, if somebody holds $1,000 value of $BONK, this burn would solely increase the worth of that place by round $12 to $13, assuming the market stays precisely the identical—no new shopping for strain, no main sell-offs, and no shift in sentiment.
However in crypto, numbers not often inform the complete story. Token burns like this have a tendency to create buzz, shift notion, and ignite hypothesis.
Even when the burn doesn’t dramatically influence supply-demand economics, it might function a psychological catalyst—sparking FOMO, renewed curiosity, and probably a wave of contemporary shopping for.
In meme coin ecosystems, that type of momentum usually issues simply as a lot as fundamentals.
TOKEN6900 – A New Meme Coin Presale Impressed by SPX6900
Whereas Bonk is driving excessive on supply-side catalysts and group progress, it’s removed from the one meme coin grabbing consideration.
One newcomer making noise in presale circles is TOKEN6900, a satirical spin-off impressed by the viral rise of SPX6900.
Presently in presale, TOKEN6900 faucets into the identical chaotic meme vitality that drove SPX6900 to virality.
With over $245,000 raised, the mission boasts a nostalgic, retro web site theme and accepts purchases by means of crypto, bank card, MetaMask, Coinbase Pockets, Pockets Join, and extra.
Constructed on a culture-first narrative, TOKEN6900 doesn’t take itself too significantly—channeling layered humor and the notorious “69” quantity into an id that resonates with degen merchants. It’s half parody, half presale play, and absolutely immersed within the brainrot meme coin aesthetic.
Like different meme tokens corresponding to Fartcoin, dogwifhat, and Pudgy Penguins, TOKEN6900 is aiming to leverage web tradition, virality, and ironic branding to seize market share within the more and more saturated meme coin sector.
As the subsequent worth enhance approaches, TOKEN6900 is choosing up critical traction—positioning itself as a possible breakout for SPX6900 holders on the lookout for the subsequent degen meme play.
Go to TOKEN9600
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