According to a statement made on the official X account, Bonk (Bonk), one of the famous Mimecoins of the Solana Ecosystem, will host a token burn event after reaching the level of one million units of token holders.
In a statement, the Bonk developer announced that the token burning amount has been set to 1 trillion tokens. This amounts to about $22 million at the time of writing. Bonk currently has a market value of approximately $1.8 billion.
The developers didn’t give a clear date or time, but announced a few minutes ago that they were about to reach a million token holders.
1 million holders soon
After that, a trillion dollar Bonk burned
– bonk!!! (@bonk_inu) July 7, 2025
It is unclear whether the burning token will be purchased from a circulating token and burned, or from a developer-owned token.
It should not be forgotten that Memecoin is a particularly risky asset. In such developments, the expected impacts may not come from time to time or may not be priced in advance, especially in the cryptocurrency market and Memecoin. It should also be noted that burn levels are lower compared to total market value.
*This is not investment advice.
