Blockchain data confirmed this process, in which nearly $1 million worth of BONKs were removed from circulation.
As a result, BONK’s circulating supply decreased by 5% to 94.16 trillion. The developers tweeted:
BONK has managed to attract support from both centralized exchanges and decentralized applications in the past few days, such as Gate.io and CremaFinance.
Other Solana-based NFT marketplace and gaming sites have also introduced bonk-based minting and trading events, further promoting the utility of the memecoin for holders and investors.
In a span of less than two weeks, the Bonk ecosystem has racked up over 50 integrations.
Other data showed that BONK has seen 3 million transactions in the past three days, showing active participation from holders, which also surpassed Ethereum, as Bitcoin Magazine reported.
Since January 6, the number of unique BONK-holding wallets has grown to over 86,000 from less than 25,000 earlier this week.
However, BONK lost more than 56% of its value and dropped to a low of $0.00001512 before returning to 0.000001695 at press time, indicating that investors have pocketed substantial gains as Cryptocurrency platforms launch bonk future contracts, allowing traders to bet against tokens.
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