Bonk (BONK) 这种基于 Solana 的 Meme 硬币是通缩宝石吗？

Bonk（加密货币：BONK）是明显吸引了投资者注意力的模因代币之一。这个基于 Solana 的 meme 币项目再次出现了令人印象深刻的每日飙升，在美国东部时间下午 2 点的过去 24 小时内上涨了 20.1%，成为当今市值第 30 位最有价值的加密货币。

Meme coin project Bonk (CRYPTO: BONK) has seen another impressive daily surge, rising 20.1% over the past 24 hours at 2 p.m. ET to become the 30th most-valuable cryptocurrency by market capitalization today.

Meme 币项目 Bonk (CRYPTO: BONK) 的每日涨幅再次令人印象深刻，在美国东部时间下午 2 点的过去 24 小时内上涨了 20.1%，成为当今市值第 30 位最有价值的加密货币。

A significant amount of this move can be tied to momentum-driven moves among a range of other meme coins, most of which are rocketing higher in today's session. A mix of exuberance following the reelection of Donald Trump and newfound prospects of a much more favorable regulatory landscape for crypto in general have many investors betting that this marketwide rally can continue. And in order to capture the most upside possible, many speculators are turning to some of the most volatile tokens out there, with Bonk being a clear beneficiary.

这一走势在很大程度上可能与一系列其他模因币的动量驱动走势有关，其中大多数在今天的交易中都在飙升。唐纳德·特朗普连任后的繁荣以及加密货币监管环境更加有利的新前景，让许多投资者押注整个市场的反弹能够持续下去。为了抓住最大的上涨空间，许多投机者正在转向一些波动性最大的代币，Bonk 是明显的受益者。

That said, there is one other key factor I think is worth diving into today as a key driver of this project's impressive move. Here's what I think investors may want to pay close attention to when it comes to Bonk heading into year-end.

也就是说，我认为今天还有另一个关键因素值得深入研究，作为该项目令人印象深刻的举措的关键驱动力。我认为投资者在年底前可能需要密切关注 Bonk 的情况。

Bonk team targeting deflationary actions Unlike many other leading meme tokens, Bonk is a token with a capped supply, meaning there is some underlying inflation with its token (a certain amount of tokens are in circulation, and more will be added over time). But as bonk approaches its maximum supply cap, various measures will need to be put into place to ensure token issuance will slow down.

Bonk 团队瞄准通货紧缩行动与许多其他领先的 meme 代币不同，Bonk 是一种供应有限的代币，这意味着其代币存在一定程度的潜在通胀（一定数量的代币在流通，随着时间的推移，将会增加更多代币）。但随着债券接近其最大供应上限，需要采取各种措施来确保代币发行放缓。

With the current total supply of Bonk tokens standing at around 97.2 trillion, and a maximum supply cap of 97.21 trillion, there's really no room left for new tokens to be issued. Thus, expectations that the Bonk team will introduce a range of deflationary measures to burn as many as 1 trillion tokens by the end of the year is sparking discussion around whether this project could actually become deflationary.

目前Bonk代币的总供应量约为97.2万亿个，最大供应上限为97.21万亿个，实际上已经没有空间可以发行新的代币了。因此，预计 Bonk 团队将推出一系列通缩措施，在今年年底前销毁多达 1 万亿枚代币，这引发了关于该项目是否真的会通缩的讨论。

If that's the case, and the overall number of Bonk tokens declines, existing investors stand to benefit in a disproportionate way from future market capitalization increases. Unlike other tokens that need to see buying pressure consume all new tokens issued first in order to maintain a price level, Bonk's valuation growth could lead to even higher price gains, fueling increased bullish speculation on this token.

如果是这种情况，并且 Bonk 代币的总数下降，现有投资者将从未来市值的增长中获得不成比例的收益。与其他需要承受购买压力的代币消耗掉所有新发行的代币以维持价格水平不同，Bonk 的估值增长可能会导致更高的价格涨幅，从而加剧对该代币的看涨投机。

What does this mean for investors? Bonk is likely to continue to benefit from the ongoing hype cycle in the crypto sector, but this is a project that also appears to have some fundamental support behind its token that's worth noting. I remain skeptical of most meme tokens from a fundamental standpoint, but I do like the fact that Bonk appears to be at its maximum supply cap, and the potential headwinds of new token issuance aren't something investors appear to have to worry about at this time.

这对投资者意味着什么？ Bonk 可能会继续受益于加密货币领域持续的炒作周期，但这个项目似乎也有一些值得注意的代币背后的基本支持。从基本面角度来看，我仍然对大多数 Meme 代币持怀疑态度，但我确实喜欢 Bonk 似乎已达到最大供应上限，而且新代币发行的潜在阻力并不是投资者目前不必担心的问题时间。

Also, because Bonk is built on the Solana blockchain, where a significant portion of on-chain activity is taking place, there's reason to believe that from a market share perspective, Bonk could have a leg up on its peers.

此外，由于 Bonk 建立在 Solana 区块链上，其中很大一部分链上活动都在 Solana 区块链上进行，因此有理由相信，从市场份额的角度来看，Bonk 可能比同行更具优势。

We'll have to see how the meme coin market shapes up over the course of next year, but there are certainly reasons why investors are growing increasingly bullish on this project right now.

我们必须看看明年模因币市场会如何发展，但投资者现在越来越看好这个项目肯定是有原因的。