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Bonk Inu Developers Burn All Their Team Tokens as Solana Ecosystem Frenzy Continues

Developers behind Solana-based memecoin project Bonk Inu (BONK) burned over 5 trillion tokens, or 5% of the total supply, earlier on Friday, blockchain data shows. The move claimed to have effectively burned all tokens earmarked for developers of the project.

Solana community members considered the burn a step towards the legitimacy of the Bonk Inu project – one that calls itself a token “for the people, by the people” by actively avoiding insider token sales and predatory behavior.

(By Shaurya Malwa)

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