BONK’s proposed burn of 1 trillion tokens (part of a supply-reduction initiative) could catalyze a price surge by increasing scarcity. Burns mechanically reduce circulating supply, which historically boosts prices if demand remains steady—especially for memecoins like BONK, which thrives on speculative rallies. Coupled with rumors of a potential ETF, this creates a bullish narrative attracting retail traders.
The token is nearing 1 million holders, indicating growing community support that could amplify the burn’s impact. ETF speculation, though unconfirmed, adds fuel by suggesting institutional interest. Past memecoin rallies (e.g., Dogecoin) show how supply shocks and hype can trigger parabolic moves, though these are often short-lived.
Risks include the burn’s execution timing and ETF viability. If delayed or deemed insignificant relative to total supply, enthusiasm could wane. Traders should monitor on-chain data for burn progress and exchange listings for ETF clues, as BONK remains highly volatile.
