$1000BONK $BONK Fuel to the Fire: BONK’s $16.7M Burn!!
BONK just made a bold move, burning 500 billion tokens (worth around $16.7M) on July 24, all funded by fees from its new LetsBonk.fun launchpad. It’s part of a fresh strategy: 1% of platform revenue, which used to go toward marketing, will now be used to buy back BONK trading pairs. That means consistent buy pressure, reduced supply, and a narrative that supports the impressive 160% 30 day surge we’ve already seen.
Technically, I can see that things are lining up too. The MACD just flipped bullish, the histogram’s back in the green and the price has reclaimed the 7 day SMA around $0.0000343.
The 14 Day RSI is sitting at 65.65, so there’s still some good breathing room before hitting overbought territory.
If BONK can break through the key resistance at $0.000036 (the 1.618 Fib level), we could be looking at a potential move up toward $0.000052. Thats a possible 46% rally from here.
Stay worthy. Stay sharp. DYOR. – The Worthy Door
