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BONK token burn proposal bumps the memecoin by 23%
(note: the post contains data by AMBCrypto)

Bonk’s (BONK) price jumped from $0.000021 to $0.0000026 in less than 24 hours between the 8th and the 9th of June. This happened after the news that Bonk DAO planned to burn another set of tokens.

In April, the team behind the meme coin burned 278 billion tokens after getting a 99.99% approval from its community.

After doing that, the price of the cryptocurrency went from $0.000014 to $0.000041 in less than six weeks.

Following the development, the Weighted Sentiment spiked. Weighted Sentiment shows if the comments online about a project are positive or negative on average.