Bonk is making waves on Solana after developers confirmed plans to burn one trillion tokens—one of the largest supply reductions in meme coin history.
With a historic milestone approaching and a major deflationary event ahead, Bonk is making headlines as it approaches a major milestone tied to a historic supply cut.
Bonk (BONK) Price Analysis
Source – 99Bitcoins YouTube Channel
While much of the crypto market has faced a pullback, Bonk has charted an impressive course upward.
$BONK surged from $0.000014 on July 2 to nearly $0.000024 by July 8—posting a 70% gain in just six days.
The chart shows a steady uptrend, with momentum spikes on July 3 and July 6. Price action was flat early on, hinting at quiet accumulation before $BONK broke resistance at $0.000016, confirming its bullish breakout.
Strong follow-through carried it above $0.000022, entering short-term price discovery.
While the trend remains intact, multiple lower wicks on July 7–8 suggest growing selling pressure as traders take profits—pointing to cooling momentum and potential consolidation.
Bonk’s Massive Token Burn Could Spark the Next Meme Coin Rally on Solana
According to official announcements from the Bonk development team, a one trillion token burn is planned, tied to the project reaching 1 million wallets/users—a major adoption milestone.
Token burns are a deflationary mechanism, popularized by projects like Shiba Inu, which permanently remove tokens from circulation.
In theory, this reduces supply and supports price appreciation. However, as seen with $SHIB, the actual price impact of such burns can vary significantly.
Bonk currently has a market cap of $1.78 billion, making it about one-quarter the size of Shiba Inu.
The team has not yet confirmed whether the tokens will be burned from developer reserves or if they’ll be purchased off the market and then destroyed. More clarity is expected in the coming updates.
How Much Will the Burn Impact Price?
So what does burning 1 trillion $BONK tokens actually mean for holders?
At present, Bonk’s circulating supply hovers around 77.4 trillion tokens. Removing 1 trillion from circulation would bring that number down to roughly 76.4 trillion—a reduction of just over 1.3%.
On paper, that’s a relatively small cut. For example, if someone holds $1,000 worth of $BONK, this burn would only raise the value of that position by around $12 to $13, assuming the market stays exactly the same—no new buying pressure, no major sell-offs, and no shift in sentiment.
But in crypto, numbers rarely tell the full story. Token burns like this tend to create buzz, shift perception, and ignite speculation.
Even if the burn doesn’t dramatically impact supply-demand economics, it could serve as a psychological catalyst—sparking FOMO, renewed interest, and potentially a wave of fresh buying.
In meme coin ecosystems, that kind of momentum often matters just as much as fundamentals.
TOKEN6900 – A New Meme Coin Presale Inspired by SPX6900
While Bonk is riding high on supply-side catalysts and community growth, it’s far from the only meme coin grabbing attention.
One newcomer making noise in presale circles is TOKEN6900, a satirical spin-off inspired by the viral rise of SPX6900.
Currently in presale, TOKEN6900 taps into the same chaotic meme energy that drove SPX6900 to virality.
With over $245,000 raised, the project boasts a nostalgic, retro website theme and accepts purchases through crypto, credit card, MetaMask, Coinbase Wallet, Wallet Connect, and more.
Built on a culture-first narrative, TOKEN6900 doesn’t take itself too seriously—channeling layered humor and the infamous “69” number into an identity that resonates with degen traders. It’s part parody, part presale play, and fully immersed in the brainrot meme coin aesthetic.
Like other meme tokens such as Fartcoin, dogwifhat, and Pudgy Penguins, TOKEN6900 is aiming to leverage internet culture, virality, and ironic branding to capture market share in the increasingly saturated meme coin sector.
As the next price increase approaches, TOKEN6900 is picking up serious traction—positioning itself as a potential breakout for SPX6900 holders looking for the next degen meme play.
Visit TOKEN9600
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