BONK Takes Off with Over 100% Surge: “BURNmas” Campaign Announced

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The Solana ecosystem is abuzz with excitement in the meme coin scene as BONK has jumped over 99% in the last 24 hours, fueled by a massive token burn initiative. The BONK DAO has announced that it plans to burn a staggering 1 trillion tokens in what it dubs the largest burn event ever seen on the Solana blockchain.

This recent rally is not an isolated case; BONK surged a whopping 116% in the last week and now boasts a market cap of $3.808 billion. It is currently ranked second in terms of the largest Solana meme coins, with Dogwifhat (WIF) taking the lead.

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BONK Surge – Burnmas Campaign

What is BONK’s “BURNmas” Campaign?

Dubbed “BURNmas” the seasonal campaign aims to mobilize the community, while also severely reducing the supply of tokens circulating. Running from November 15 to December 24, the event will culminate in a grand token burn on Christmas Day.

Some triggers are designed to ignite engagement in all aspects of the BONK ecosystem, such as social media, gaming, and trading. Each of these interactions goes into a token burn and helps bind the project and its users closer to each other.

Engagement Fuels BONK Burns

The BURNmas campaign has positioned several innovative burn mechanisms that will make community participation directly influence the initiative’s success. These include:

  • #LetsBONK Social Media Campaign: For every post that is hashtagged on platforms like X, 1,000 BONK tokens would be burnt.
  • Platform Growth Rewards: Every new follower on Instagram, TikTok, and YouTube will result in a 10,000 BONK burn.
  • Ecosystem Engagement: Activities on BONK-affiliated platforms, including game dApps and trading interfaces, will contribute to the burn total.
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These mechanisms show how BONK creates a dynamic and user-driven ecosystem.

Detailed Breakdown of Burn Triggers

A closer look at the activities and their fuelling of the burn process is shown below:

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Burnmas’s Activities

  • Team BaoBao Animations: 10,000 BONK burns per every view of the animation.
  • BONKbets Wagers: 50,000 BONK burned on every bet placed.
  • BONKmark Transfers: Transferring a BONKmark card initiates a 50,000 BONK burn per transfer.
  • Moonwalk Fitness Game: Burns per step-100 BONK per step taken.
  • BERN Token Holders: Burn 100,000 BONK with the minimum holding of 10,000 BERN required.
  • Trading Activities: All trading activity on BONKlive and Saturnbot will burn 50,000 BONK for every dollar traded.

A custom campaign tracker, burnmas.com, allows participants to see the real-time progress of the campaign and what others’ contributions look like up until Christmas.

The Growing Influence of BONK

As BONK solidifies its position within the Solana ecosystem, the BURNmas campaign may change how meme coins utilize community engagement for growth. Packing fun, engagement, and tangible impact into one, the initiative reinforces BONK’s role as the most innovative of Solana-based meme coins.

With a proven track record and active users, BONK is setting the stage for future innovation within the meme coin space.

Will BURNmas spark an enduring holiday rally for BONK? The countdown to Christmas will tell.