BONK Don Near 1M Holders; 1T Token Burn to Fuel Rally
BONK don carry 82% of memecoin launchpad volume for TRON network and e dey near one million holders. This milestone go trigger burn of 1 trillion tokens, e go further compress how many tokens dey waka around. On-chain data from Glassnode show say realize profit still dey under $100 million, e mean holders get strong belief and dem no too dey take profit. After e slide 50% from e Q4 peak of $0.00006, BONK rally more than 100% in July after e hold ground for long time. LetsBonk.fun get 72% share of launchpad volume, e big pass Pumpfun wey get 17%. Small 5.77% weekly drop na healthy cooldown, no be sell-off. With on-chain participation dey increase, these structural shifts dey support better market outlook. Traders go dey watch BONK demand and on-chain activity after burn as key signs for possible move to new all-time high.
Bullish
Di kommot token burn wey go burn 1 trillion BONK tokens join strong on-chain metrics and heavy belief among holders go make am scarce and make price rise. The 100% rally for July plus correct consolidation—wey you fit see from the small 5.77% week drop—show say market don reset and e ready for the next growth phase. Short term, traders fit see the pullback as chance to enter, while long term, reduced supply and steady on-chain participation dey push price go up to new all-time highs.