Devs of Bonk Inu Burned All Their Initially Allocated Tokens

BONK saw significant loss in its value after the burning event.

The development team behind the Solana-based memecoin project – Bonk Inu – has revealed burning over 5 trillion tokens, or 5% of the total supply.confirmed the process, which saw nearly $1 million worth of BONK removed from circulation.tweeted“BONK represents the best of Solana. Our community is working together across the ecosystem to make positive change for all of us. The 5 Trillion $BONK tokens allocated to “The Team” have been burned.

Other Solana-based NFT marketplaces and gaming sites have also introduced bonk-based trading events and mints, further boosting the meme coin’s utility for holders and investors.Further data

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