# Bonk 1 Trillion Burn Ignites $0.11 Price Buzz with Bold Christmas Deadline By Luis Gochoco Canonical URL: https://www.tokenpost.com/news/investing/13708 Published: 2024-12-21T22:05:29.000Z Updated: 2024-12-21T22:05:29.000Z Section: Investing > Bonk targets a 1 trillion token burn milestone, fueling a $0.11 price buzz before Christmas. Bonk's community-backed 1 trillion token burn is sparking fresh momentum as the $0.11 price goal takes center stage. With a Christmas deadline and rapid market growth, Bonk is capturing the attention of crypto investors worldwide. BONK's Bold Burn Target Fuels Market Anticipation There has been a lot of interest from market participants in the most recent news on the BONK token burn. The founder's daring price goal has also stoked market speculation, [Coingape]() shares. The token's "BURNmas" event, which aims to significantly reduce its supply before Christmas, is much anticipated, and anticipation is rising as a result. With over 810 billion tokens already confirmed for burning, the initiative has attracted huge appeal since its launch on November 15th. "BURNmas" Pushes Toward 1 Trillion Token Milestone The community is aiming to reach the 1 trillion milestone by December 24th, just in time for Christmas. With every tweet that includes the hashtag #LetsBONK, 100k tokens are added to the "BURNmas" pool, bringing together community participation with scarcity-driven economics. The worldwide enthusiasm of BONK fans for this effort is a testament to their shared dedication to the token's ecosystem. In order to create long-term value and strengthen BONK's relevance in the highly competitive crypto market, the burn event intends to reduce supply and increase scarcity. The price of BONK has increased by 9.5% in the past 24 hours, and it was trading at $0.0000311. The dominant meme coin has a commanding influence in the market, as seen by its $2.57 billion market valuation and $851 million trading volume. BONK Outpaces Competitors with Remarkable Growth Its price has soared by 92% in the past three months, surpassing the performance of several other coins. Adding to its growing appeal among investors, it is the only top 10 meme currency to have achieved a 30% gain in the past 24 hours. The fact that its Futures open interest has increased from $28 million to $385 million shows that traders are still interested in it despite the euphoria surrounding the BONK token burn. According to Coinglass, the exchange Bybit played a pivotal role in the derivatives trading activity of the BONK cryptocurrency, contributing $311 million to the token's futures volume. $0.11 Price Target Highlights BONK's Ambitions In the midst of all this, Nom (@TheOnlyNom), the token's creators, has set a lofty price goal of $0.11. If the token prices hit this level, it would be a tremendous increase of 328,000% from where they are now. This lofty goal demonstrates how seriously people are taking its ability to shake up the cryptocurrency market. In addition, BONK reached a major milestone not long ago, on December 20, when it was listed on the Robinhood exchange. An increase of 9% in the past day is attributable, in part, to the listing's increased exposure and market activity. Robinhood Listing Boosts BONK's Market Presence A watershed moment for BONK has arrived with its expanded availability on a popular platform like Robinhood, which will improve its exposure to retail investors and validate its position in the market. ## Links in this article - [Coingape](http://coingape.com/bonk-token-burn-1-trillion-burn-picks-pace-founder-gives-0-11-price-target/)