Bonk DAO Burns 1.69 Trillion Tokens to Decrease Supply

user avatar

by Giorgi Kostiuk

2 years ago

Bonk, one of Solana's leading meme tokens, decreased its supply by 1.69 trillion tokens following a community vote. This initiative aims to support BONK's value growth.

Bonk DAO Token Burn

Bonk DAO decreased the supply to 91 trillion from the initial 100 trillion tokens. This burn was recorded as part of the Burnmas initiative in a Solana transaction.

Based on community participation in Burnmas, the amended vote has passed and 1.69 Trillion BONK has been burnt from the @bonk_dao multisig.BONK!!!

Community Role and Future Plans

BONK aims to be community-owned, ensuring the asset remains deflationary. BONK DAO still holds 9% of the total supply, making it the largest single entity on the chain.

BONK Prices and Prospects

Despite the burn, BONK did not rally immediately but remains undervalued, expecting potential future growth. BONK has lost some leading positions to other meme tokens but maintains strong standings due to its wide audience and listings on major platforms.

The token burn highlights Bonk DAO's effort to maintain ecosystem dynamics. With this initiative, the community solidifies its stance, though future steps and market impact will remain in focus.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

China Launches Investigation into AI Labs for Data Misuse

China has launched an investigation into AI labs DeepSeek and Moonshot AI for allegedly routing sensitive user data to Anthropics servers.

user avatarNguyen Van Long

Lion Group Holding Adds HYPE Tokens to Corporate Treasury

Lion Group Holding has disclosed a corporate treasury position of approximately 195,000 HYPE tokens, marking a significant move in corporate crypto asset holdings.

user avatarSatoshi Nakamura

Zcash ETP Gains Traction Amidst Market Surge

Zcash has seen a remarkable price increase this year, with gains exceeding 2,700%, fueled by the launch of the Zcash exchange-traded product (ETP) by 21Shares, providing a regulated way for investors to gain exposure to Zcash.

user avatarJesper Sørensen

21Shares Launches Europe's First Zcash ETP

21Shares has launched the first Zcash ETP in Europe, available on Euronext Paris and Amsterdam, with a 25% management fee.

user avatarRajesh Kumar

Valour Introduces AI-Driven Smart Crypto Fund SP

Valour has launched the Smart Crypto Fund SP, featuring an AI-driven allocation engine that dynamically adjusts exposure among major digital assets.

user avatarLucas Weissmann

US Spot Bitcoin ETFs Experience Nearly $1 Billion Inflows

On September 21, US spot Bitcoin ETFs recorded nearly $1 billion in net inflows, marking the largest single-session total of 2026.

user avatarEmily Carter

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.