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BONK up 158% in July, but can buybacks push it 46% higher?
July has been a remarkable month for the crypto market, with many altcoins experiencing significant price increases. BONK, one of these altcoins, has surged by an astonishing 158%, leaving investors wondering if this upward trajectory will continue.
In recent times, BONK’s team has been aggressively pursuing a deflationary program aimed at reducing its supply and increasing demand. This move has already resulted in the burning of 500 billion tokens, worth approximately $16.7 million. The impact of this on the market is still unclear, but it’s undeniable that such an aggressive approach could have far-reaching consequences.
While BONK’s price has consistently broken resistance levels, will its buyback program push it even higher?
Source: ambcrypto.com
