BONK Surges 8% as Trillion-Token Burn Looms—Memecoin Mania Kicks Into High Gear
BONK rockets upward as its community prepares to torch a trillion tokens—because nothing says 'sound monetary policy' like artificially inflating value through strategic scarcity.
The 8% pump comes as traders front-run the supply shock, proving once again that crypto markets will FOMO into anything with a halfway-decent narrative. Memecoins: where fundamentals go to die, but gains (sometimes) live.
Will the burn actually sustain momentum? Or will this turn into another 'buy the rumor, sell the news' spectacle? Place your bets—the casino is open 24/7.
Technical Analysis
- $0.000027 to $0.00003 (10.7% range)
- Strong consolidation near $0.000027–$0.000028
- $0.00003 proved formidable, triggering a 1.58% pullback
- Spiked during reversal period, confirming bearish rejection at resistance
- Bullish structure with higher lows; short-term bearish retracement underway
Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
