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<p class="is-style-lead">Solana-based meme coin BONK has jumped 30% in the last 24 hours as the BONK DAO announces an ambitious plan to burn 1 trillion tokens through a community-driven campaign.</p> 
<p>The price of Bonk (<a href="https://crypto.news/price/bonk/" target="_blank">BONK</a>) has also seen a 116% pump in the last seven days. The token currently holds a $3.49 billion market capitalization.</p> 
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 <img loading="lazy" decoding="async" width="1024" height="747" src="https://crypto.news/app/uploads/2024/11/chart12-1024x747.png" alt="BONK pumps 30%, BONK DAO to burn 1 trillion coins 'by Christmas' - 29" class="wp-image-14311223">
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  Caption: <a href="https://www.coingecko.com/en/coins/bonk" target="_blank" rel="nofollow">CoinGecko</a>
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<p>BONK is now the second-largest Solana (<a href="https://crypto.news/price/solana/" target="_blank">SOL</a>) meme coin behind dogwifhat (<a href="https://crypto.news/price/dogwifhat/" target="_blank">WIF</a>).</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   https://twitter.com/bonk_inu/status/1857465407801798732 
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<h3 class="wp-block-heading" id="bonk-s-burnmas-campaign-details">BONK’s BURNmas campaign details</h3> 
<p>The BONK DAO has unveiled “BURNmas.” The project has described this as the largest on-chain community-driven burn event in Solana’s history.</p> 
<p>The campaign will run from November 15 at 12:01 am UTC through December 24, with the accumulated tokens scheduled for burning on Christmas Day at 12:01 am UTC.</p> 
<p>The burn initiative introduces multiple engagement-based criteria for token burning.</p> 
<p> You might also like: <a rel="" href="https://crypto.news/crypto-vc-funding-0g-labs-secures-40m-stakestone-follows-suit-with-22m/"> Crypto VC Funding: 0G Labs secures $40m, StakeStone follows suit with $22m </a> </p> 
<p>Social media participation will trigger burns of 1,000 BONK for each #LetsBONK post on X. At the same time, new followers across Instagram, TikTok, and YouTube will result in 10,000 BONK burns per platform. The campaign extends to various ecosystem activities.</p> 
<p>BONK has established itself as a key meme coin in the Solana ecosystem, with its $3.49 billion market cap placing it just behind dogwifhat’s $3.75 billion valuation.</p> 
<p>The DAO’s burn initiative spans multiple platforms and activities within the BONK ecosystem, including gaming, social media, and trading activities.</p> 
<h3 class="wp-block-heading" id="bonk-burn-mechanism-breakdown">BONK burn Mechanism Breakdown</h3> 
<p>The program includes various burn triggers across different platforms:</p> 
<ul class="wp-block-list"> 
 <li>Team BaoBao Animation views: 10,000 BONK per view</li> 
 <li>BONKbets platform: 50,000 BONK per bet</li> 
 <li>BONKmark transfers: 50,000 BONK per card sent</li> 
 <li>Moonwalk fitness game: 100 BONK per step</li> 
 <li>New BERN holders: 100,000 BONK per holder (minimum 10,000 BERN)</li> 
 <li>BONKlive and Saturnbot trading: 50,000 BONK per dollar traded</li> 
</ul> 
<p>The initiative’s progress can be tracked in real-time through BURNmas.com, allowing community members to monitor the campaign’s impact as it approaches its Christmas Day culmination.&nbsp;</p> 
<p>Burn activities are usually employed by various projects, including meme coins like Shiba Inu (<a href="https://crypto.news/price/shiba-inu/" target="_blank">SHIB</a>), to reduce their circulating supply.</p> 
<p> Read more: <a rel="" href="https://crypto.news/nft-sales-surge-94-1-to-178-8m-ethereum-network-ranks-first/"> NFT sales surge 94% to $178.8m, Ethereum network ranks first </a> </p>

BONK pumps 30%, BONK DAO to burn 1 trillion coins ‘by Christmas’

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