Whale movement grabs attention: A cryptocurrency whale transferred 308.166 billion BONK tokens to Coinbase, attracting significant attention. This transaction is valued at approximately 14.43 million USD and has stirred the market, drawing interest from investors and the market toward the BONK token. This news was reported by Wu Blockchain, using data from Arkham Analytics.

Burnmas event and BONK price increase: The BONK community is hosting a Burnmas event, which plans to burn 1 million BONK tokens before Christmas, starting from November 15 and ending on December 24. Thanks to this event, BONK’s price has increased by 34% over the past week and 131.3% this month. These numbers have heightened excitement among investors, leading to significant expectations regarding BONK’s growth potential.

BONK’s long-term potential and challenges: Although BONK’s recent rise has made a strong impression, to reach 1 USD per token, BONK needs to increase 20,000 times, taking its market capitalization to 75 trillion USD. This is far beyond the current total cryptocurrency market capitalization, making it quite challenging to achieve this. Meme tokens like BONK often rely on short-term attention, lacking real-world utility to sustain value.