BONK Token Holder Milestone Approaches: 1 Million Holders to Trigger $22.81 Million Token Burn

The BONK community is approaching 1 million holders, at which point 1 trillion BONK tokens will be burned, valued at approximately $22.81 million. This milestone is expected to be reached soon, as there are currently 949,892 holders. The burning of these tokens will have a significant impact on the BONK economy.

The BONK community is nearing a significant milestone, with the token set to burn 1 trillion tokens once it reaches 1 million holders. Currently, the BONK token has over 949,892 holders, putting it close to this threshold. The burning of these tokens, valued at approximately $22.81 million, is expected to have a substantial impact on the BONK economy [1].

BONK experienced a remarkable 21% surge in a 24-hour period on July 4, 2025, outpacing the top 100 coins by market cap. This surge was fueled by ETF and token burn momentum, as well as speculation around a potential 2x BONK ETF from Tuttle Capital. The token is currently trading at $0.00001673, with price action ranging from $0.00001606 to $0.00001751, indicating a bullish trend [1].

Technically, BONK has broken free from both falling wedge and symmetrical triangle patterns, signaling a transition from consolidation to potential expansion. Analysts point to firm support at $0.000013 and resistance near $0.000018. A successful breach above this resistance could unlock a potential path toward $0.00003372, representing a possible 100% upside if momentum holds [1].

The BONK community is also benefiting from broader growth in the Solana ecosystem, including increased validator participation and infrastructure investment. With strong fundamentals, technical support, and speculative catalysts aligned, BONK could be poised for an extended breakout in the near term [1].

References:
[1] https://www.coindesk.com/markets/2025/07/04/bonk-eyes-breakout-as-etf-buzz-and-burn-trigger-spark-fresh-rally