Will $BONK Reach 1T Token Burn Goal Before Burnmas?

With every day that goes by, Solana’s favorite memecoin, $BONK, draws closer to its ambitious target. Burnmas, a festive campaign to reduce $BONK supply, is now only whiskers away from hitting its target and burning 1T $BONK tokens.

Robinhood, a popular Web2 trading platform, has added more fuel to the fire, adding the beloved memecoin to its selective list of tradeable assets.

How far away is Burnmas from achieving its goals and what could this mean for $BONK price long term?

Burnmas Only 84B $BONK Short of Goal

Burnmas is a creative campaign organized by the BONK team to promote token scarcity in a fun and engaging way. Through dozens of community engagements and onchain activities, up to 1T $BONK tokens will be set aside to be burnt and permanently removed from circulation.

Activities that contribute to $BONK burning include tweeting #LETSBONK, becoming a BONK Earn $BERN holder, trading on BONKLive, betting on BONKBets, following the BONK Instagram or TikTok account, and using the Moonwalk app.

Since the campaign began on November 15, an average of 26B tokens are scheduled for burning every single day. With a mere four days to go before the end of Burnmas, it looks certain that the campaign will reach its lofty ambitions.

Burnmas Turns Up the Heat

In the final weeks of Burnmas, the BONK team stoked the flames further, boosting the number of tokens burnt with each interaction. 

Almost ensuring the campaign’s success, BONK announced that from December 18 until the end of Burnmas, every engagement now burns 100x more BONK. Under the new rules, every #LETSBONK 𝕏 post sets aflame 10M $BONK tokens, currently valued at $284.

If Burnmas reaches its goal, over $28.5M worth of $BONK tokens will be permanently burnt, reducing $BONK’s circulating supply by 1.31%.

Robinhood Lists $BONK

Robinhood, a popular TradFI exchange, gave $BONK holders an early Christmas present, announcing that the iconic Solana memecoin was now listed among the platform’s tradeable assets.

The Robinhood listing is believed to be a positive catalyst for memecoins, due to the platform’s popularity among retail investors. $BONK now joins other high-profile memecoins on the exchange, including $SHIB, $PEPE, and $WIF.

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