Meme Coin 'Bonk' Burns $54.5 Million Worth
JOON HYOUNG LEE
- 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).
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$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 JournalistPiCK News
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