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Just In: Bonk DAO Burns $52 Million Worth Of BONK

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Just In: Bonk DAO Burns $52 Million Worth Of BONK - CoinGape

Quick Summary:

The Bonk Decentralized Autonomous Organization (DAO) has carried out the much-anticipated token burn, burning over a trillion BONK tokens.

This provides a bullish outlook for the top Solana meme coin, although its price has yet to react to this development.

This could lead to a supply shock, which would make BONK more valuable.

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Just In: Bonk DAO Burns $52 Million Worth Of BONK - CoinGape (Picture 1)

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Article Details

Author / Journalist: Boluwatife Adeyemi

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-26 @ 19:48:40 (1 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 171 words

Reading Time: 1 minutes read

Sentences: 33 lines

Sentence Length: 6 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 24678902

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About CoinGape

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Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 11 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #59

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The story "Just In: Bonk DAO Burns $52 Million Worth Of BONK" has 171 words across 33 sentences, which will take approximately 1 - 2 minutes for the average person to read.

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The story "Just In: Bonk DAO Burns $52 Million Worth Of BONK" was covered 1 days ago by CoinGape, a news publisher based in India.

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CoinGape is a fully independent (privately-owned) news outlet established in 2017 that covers mostly crypto news.

The outlet is headquartered in India and publishes an average of 11 news stories per day.

It's most recent story was published 8 hours ago.

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  • News ID: #24678902
  • URL: https://beamstart.com/news/just-in-bonk-dao-burns-17352426971661

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