BONK Pumps 30% Amid Ambitious “BURNmas” Campaign to Burn 1 Trillion Tokens by Christmas

Solana-based meme coin BONK has experienced a 30% surge in the past 24 hours, driven by a major announcement from BONK DAO. The DAO revealed an ambitious community-driven burn initiative called BURNmas, which aims to burn 1 trillion BONK tokens by Christmas, significantly reducing the coin’s circulating supply.

Key Highlights of the BURNmas Campaign

• Price Surge: BONK has seen a remarkable 116% increase over the past seven days, bringing its market capitalization to approximately $3.49 billion. It is now the second-largest meme coin on the Solana blockchain, just behind Dogwifhat.

• BURNmas Event: The BURNmas campaign, which runs from November 15 through December 24, aims to burn a significant amount of BONK tokens in a community-driven fashion. The burn event will conclude on Christmas Day (December 25) at 12:01 AM UTC.

Burn Mechanism and Engagement-Based Triggers

BONK DAO has designed multiple ways for the community to engage with the campaign, triggering burns through various activities across different platforms. Here’s a breakdown of how the burn process works:

1. Social Media Activity:
   • #LetsBONK posts on X (formerly Twitter): For every post tagged with #LetsBONK, 1,000 BONK tokens will be burned.
   • New Followers: The campaign also incentivizes gaining new followers across Instagram, TikTok, and YouTube, with 10,000 BONK tokens burned per new follower on each platform.
2. Ecosystem Activities:
   • Team BaoBao Animation Views: 10,000 BONK tokens are burned for each view.
   • BONKbets Platform: 50,000 BONK tokens burned per bet placed on the BONKbets platform.
   • BONKmark Transfers: 50,000 BONK tokens will be burned for every card sent.
   • Moonwalk Fitness Game: 100 BONK tokens are burned for each step taken in the Moonwalk fitness game.
   • New BERN Holders: 100,000 BONK tokens are burned for each new holder of BERN (a related token), with a minimum of 10,000 BERN required for the burn.
   • BONKlive and Saturnbot Trading: 50,000 BONK tokens burned for every dollar traded on the BONKlive and Saturnbot platforms.
3. Real-Time Progress Tracking: The campaign’s progress will be publicly visible and updated in real time through a dedicated website, BURNmas.com, allowing the community to track how much BONK is being burned as part of the event.

What Does This Mean for BONK’s Future?

The BURNmas campaign is a strategic move by BONK DAO to address concerns about its token’s inflation by significantly reducing the circulating supply. Token burns are a common mechanism used by various projects, including meme coins like Shiba Inu (SHIB), to boost scarcity and potentially increase the value of the remaining tokens. As the BURNmas campaign is structured to involve the entire BONK ecosystem, it could create substantial community engagement, drawing attention to the coin and possibly leading to increased demand.

However, the success of the campaign depends on how well the community embraces the activities that trigger token burns. The more participation, the more tokens will be burned, reducing the total supply and, theoretically, driving up the value of each token in the long term.

Outlook for BONK and the Meme Coin Market

Given the momentum surrounding the BURNmas campaign and the broader surge in meme coin popularity, BONK could see continued price action in the coming weeks. Its ability to engage users through a wide range of activities across social media, gaming, fitness, and finance could help drive participation and support its ongoing bullish trend. However, as with all meme coins, the volatility remains high, and the success of such campaigns ultimately depends on the community’s continued enthusiasm and engagement.

If BONK can maintain its momentum and successfully execute the BURNmas campaign, it could cement its position as a leading meme coin on Solana and potentially see further price growth in the months ahead.