The news was shared via the project’s official X account, though no exact timeline for the burn has been provided.

With a current market cap of around $1.8 billion, the planned burn represents a relatively small fraction of the total supply.

Developers have not yet clarified whether the tokens will be removed from circulating supply or come from team-owned reserves.

While the move has stirred excitement in the Bonk community, some analysts caution that token burns, especially in the memecoin space, don’t always lead to meaningful price changes—either due to prior anticipation or limited scale relative to market value.

Nonetheless, the milestone marks a symbolic achievement for the project as it crosses the 1 million user threshold.

The post Bonk to Burn 1 Trillion Tokens After Nearing 1 Million Holders appeared first on Coindoo.

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Filed under: Bitcoin - @ July 8, 2025 2:01 am