In the world of the limelight, memecoins are shining like a star with Bonk coin, a dog-themed token based on the Solana blockchain network experiencing an impressive 43% rise and eye shockingly a significant treasury burn proposal of 280 billion tokens. 

Let’s dive into this amazing world in 1,2,3……..

Upward Trend Of The Bonk Coin Price – 

• At present, BONK is valued at $0.00002134, up 41.82% from the previous day and 35.83% over the previous seven days.

• BONK had a 391% surge in 24-hour trading volume, with 1.53 million worth of trades. 

• BONK has continued its three-day ascent from a low of $0.00001357 on April 18th to a daily high of $0.00002192.

• The most important reason for Bonk Coin Price rise is the resurrection of memecoin initiatives in the larger cryptocurrency market. Investors, looking for large return potential, shifted their focus to initiatives within the Solana ecosystem when interest in memecoin ventures recovered. 

The Front Page Of Bonk Coin News –

As per the pieces of evidence, memecoin BONK received a burn proposal for 280 Billion BONK tokens from its treasury! 

Since its introduction in late 2023, BONK DAO has proposed, through a revenue-sharing arrangement with BONKBot, to burn 278,393,137,215 BONK or 100% of the BONK created by BONK DAO.

In November 2023, Solana launched BONKBot, a trading bot on Telegram that takes 1% of every transaction fee, with 10% going to BONK DAO. 

In addition to accepting a matching burn procedure from the DAO, which BONKBot continuously carries out, BONK DAO will burn the earned BONK, decreasing the overall BONK supply.

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Disclaimer: This post is intended solely for informational purposes and should not be taken as legal, tax, investment, financial, or any other form of advice. Although all the information provided is true to the best of our knowledge, it is advisable to research well before making any kind of investments or decisions in general. The team of ReadingCrypto bears no responsibility in the event of any adverse outcomes.