A cryptocurrency whale has transferred 308.166 billion BONK tokens worth $14.43 million into Coinbase. The whale had been gradually accumulating BONK tokens since December 2023. The BONK community is currently focused on an event called BURNmas, where they aim to burn 1 trillion tokens by December 24. Participants can contribute to the burn through various activities such as social media posts and using specific platforms. The price of BONK has been increasing significantly in recent weeks, but its long-term potential may face challenges due to the difficulties of achieving significant growth and its lack of utility.



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