So why does the price seem unaffected by the burning of over 2 trillion $BONK tokens and over 3 trillion in the last couple of months and billions daily you ask. It’s obviously a very big deal to have token burns, especially at the rate @bonk_inu does, but burns are just one piece to the puzzle of increasing the price.
The most important piece to that puzzle the number of holders, and I do mean holders and not sellers. We have yet to reach 1 million holders. This makes shorting and selling much more impactful when it happens and why the dips are so drastic when sell offs happen.
It is very important to a crypto token like BONK to have a strong community that promotes and participates in the coin and HOLDS the coin, such as staking, and is so very important to the price increasing.
The coming ETF, which I expect to be approved, will drive a massive amount of attention to BONK and because the supply is already being reduced so drastically the price will move violently as the amount of holders increase.
I personally feel like a salesman of BONK because I tell everyone I meet about it and hope they jump on board. We all get paid the more people we bring to the community by helping with adoption. So be proud of your investment and tell everyone you can because it will get you a bigger paycheck as the community grows.
In the end $BONK is inevitable ❗️❗️❗️🔥🫠
The Dragon breathes and BONK coins will be BURNED🔥🐉
2,025,000,000,000 $BONK will be burnt to celebrate the BONKdragon event and 2025 Lunar New Year❗️❗️❗️