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BONK community plans 1.69 trillion token burn to boost value

The BONK community is set to burn 1.69 trillion tokens, surpassing their initial target. This move is designed to increase token scarcity, potentially raising BONK’s value. Currently, BONK’s total supply stands at 92.66 trillion tokens, with the upcoming burn reducing it by 1.8%.

Despite recent gains, BONK’s price remains down 25.6% over 30 days. The Federal Reserve’s policies on interest rates appear to influence the market performance. Lower interest rates typically benefit HIGH-risk assets like cryptocurrencies, which may impact BONK’s value amid market speculation.

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