BONK DAO Introduces a Proposal to Burn 2.025T $BONK to Mark the End of the BONKDragon Campaign and the 2025 Lunar New Year

The suggested burn represents a substantial portion of the total supply of $BONK, and if put into action, it would dramatically decrease the overall circulating supply of the token.

In a bold move that has sent ripples throughout the crypto community, BONK DAO has unveiled a new proposal to incinerate 2.025 trillion $BONK tokens. This dramatic action is being set to coincide with two significant events: the ending of the much-anticipated BONKDragon campaign and festivities surrounding the 2025 Lunar New Year. The decision comes at a critical juncture for the project, as the community rallies to build on recent momentum and propel $BONK toward greater acceptance and recognition in the marketplace.

BREAKING: @bonk_dao introduces a proposal to burn 2.025T $BONK to mark the end of the BONKDragon campaign and the 2025 Lunar New Year. pic.twitter.com/KZQrteAkks

— SolanaFloor (@SolanaFloor) February 6, 2025

The suggested burn represents a substantial portion of the total supply of $BONK, and if put into action, it would dramatically decrease the overall circulating supply of the token. If investors view the proposal positively, as a lot seem to be doing, then they could also view it as BONK’s team taking steps toward making the token more scarce, and therefore more potentially valuable in the future. Along with this proposal, the whole ecosystem seems to be increasingly driving serious market activity, with the BONKBot being especially singled out for praise.

BONKBot’s Burn Activity and Surging Revenues

What has set the BONK ecosystem apart has been the performance of the BonkBot. The Bot, in the last 24 hours, has burned an impressive 848.11 million $BONK tokens, which equates to roughly $14,819 at current prices. This rapid pace of token burns has significantly furthered the project’s overall efforts to reduce the circulating supply of $BONK. In its lifetime, the Bot has burned a total of 614.6 billion and has signaled the death of a not-so-missed 10.74 million dollars.

🔥@bonkbot_io has burned 848.11 MILLION ($14,819)🤯 $BONK in the last 24 hours🔥

This brings the total $BONK burned by BONKbot to 614.6 BILLION🚀

At current $BONK prices, that is $10.74 MILLION lifetime BURNT 💰

— BONKbot Burn Bot (@BONKbotBurnBot) February 7, 2025

BonkBot’s ongoing success isn’t merely a matter of consuming tokens; it’s also about raking in substantial revenues. DefiLlama’s data indicates BonkBot is reeling in $400 million (annualized figures) as “revenues.” And these numbers are all directed toward buying up $BONK tokens. And if that doesn’t blow your mind, this setup plants BonkBot squarely in the realm of the most vomitous profit-seeking activities imaginable in crypto today. Indeed, if this were a “real” business, we’d have no choice but to view this token-revenue bonanza as an incredibly unsustainable quasi-ponzi scheme.

DefiLlama’s revenues for BonkBot has $400m annualized. It all buys $BONk. At $1.3b mcap that’s a “PE” of 3.2. Tech companies normally 25-30 with outliers up to 300. 10b mcap would be rational and euphoria maybe 40b.@theunipcs is right, obviously going much higher…

— bakes 🫰🏼💰 (@AlphaBakes) February 7, 2025

Such a low PE ratio suggests that $BONK might be a still undervalued token, offering a tempting long-term bet for investors. If the market cap were to rise to some not unreasonable figure like $10 billion, given that we’re onboard with the trajectory that $BONK seems to be on, the PE ratio would likely rise in step. Some wilder speculators posit a potential $40 billion market cap for $BONK in a fantastical next bull run, which would make it a major force in the cryptosphere and the next Capcoin coming down the pike.

Market Momentum: Technical Indicators Show Promise

In addition to the basics, technical analysis is also displaying positive indicators for $BONK. The TD Sequential, a widely used tool for monitoring price trends and spotting buy signals, has given a strong buy signal on the daily chart for $BONK. This is interpreted by many as forecasting a price rebound that could occur in the not-too-distant future, and it has certainly reanimated the $BONK trading and investing community.

The buy signal follows a stretch of market consolidation. With such upcoming