Burns, adoption, and how BONK’s price might hit new price levels soon
2025-07-17 08:18:41
Main Idea
BONK's price has surged by 160% due to increased adoption and upcoming token burns, with potential for further gains if key support levels are maintained.
Key Points
1. BONK's price rallied by 160% in the first half of July, reversing most of 2025's losses.
2. The team plans to burn 1 trillion tokens if the number of holders reaches 1 million; current holders stand at 958,362.
3. BonkFun, BONK's memecoin launchpad, has generated 135.6K SOL in revenue, with half (68K SOL or $11 million) allocated for token burns.
4. BONK staked SOL, a liquid staking offering, saw growth from 64K SOL to over 115K SOL, indicating strong investor interest.
5. If BONK's price reclaims the 50% Fibonacci level ($0.0000035), it could target $0.000042 and $0.00005, offering potential gains of 18%-43%.
Description
Will the upcoming 1 trillion token burn push BONK higher?
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