BONK Surges 8% as Trillion-Token Burn Looms—Memecoin Mania or Sustainable Rally?
BONK, the Solana-based memecoin that refuses to die, just pumped another 8% as its community prepares to incinerate a trillion tokens—because nothing says 'sound monetary policy' like artificially manipulating supply.
The burn milestone, set to hit in August 2025, has traders front-running what they hope will be a supply shock. But let's be real: in crypto, 'tokenomics' often just means 'find more bagholders.'
Will this move actually boost BONK's utility? Unlikely. Does it make for great price action? Absolutely. The market's voting with its wallet—for now.
Pro tip: Watch the post-burn sell pressure. Even memecoins obey Newton's laws—what goes up usually comes down harder.
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
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