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BONK.fun Allocates 51% of Platform Fees to BONK Buybacks

BONK.fun will direct 51% of transaction fees to buying BONK for the BNKK strategic reserve, aiming to hold 5% of BONK's circulating supply.

BONK

Summary

According to an official announcement, BONK.fun will allocate 51% of its transaction fees to purchase BONK for the BNKK strategic reserve. This marks an increase from the prior structure, which directed 35% to Buy/Burn, 4% to SBR, and 2% to BONKrewards. The platform’s goal is to build a strategic reserve equal to 5% of BONK’s circulating supply, consolidating previous fee allocations into a single major reserve-focused approach.

Terms & Concepts
  • BONK buyback: The process of repurchasing BONK tokens from the market, which can support token value by reducing circulating supply.
  • BNKK strategic reserve: A designated reserve within BONK.fun intended to hold BONK tokens for strategic purposes, targeted at 5% of circulating supply.