After burning $4 million worth of BONK on Wednesday, with out a doubt one of an extraordinarily primary memecoins on Solana by market cap, BONKDAO launched the initiate of a token burn campaign focusing on one thousand billion BONK tokens worth roughly $43 million right this moment costs.

“Burning tokens decreases the total supply of $BONK, which also can even be favorable for its tag and critical to the community,” per a weblog put up from BONKDAO, which also highlights heaps of actions community participants can rob to end within the  burning of extra BONK, corresponding to utilizing the hashtag #LetsBONK on X or putting wearing bets on BONKbets.

The tag of BONK has elevated 14% within the closing 24 hours and 100% within the previous seven days to a market cap of $3 billion, making it the fifth-largest memecoin within the crypto residence, data from CoinGecko shows.

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The BURNmas announcement and accompanying tag motion of BONK comes one day after the team at the abet of Depraved’s decentralized alternate Aerodrome shared on X that BONK has been deployed onto Coinbase-incubated L2 Depraved thru interoperability protocol Wormhole. Meanwhile, Binance.US listed BONK onto its platform on Wednesday.

At presstime, #LetsBonk has roughly 12,200 posts on X.

BONK used to be before all the pieces launched within the winter of 2022 quickly after the crumple of crypto alternate FTX, wherein 50% of the token supply used to be airdropped to the Solana community. One of BONK’s main goals used to be “to reward the downtrodden Solana community after a notably primary year in 2022,” per the memecoin’s about page.