X @Unipcs (aka 'Bonk Guy') 🎒

Token Distribution & Market Manipulation Concerns - The industry observes a growing trend of projects sending large supplies of their tokens to prominent figures, ostensibly for marketing purposes [1] - The industry expresses concern that this practice, exemplified by one project sending 9837% of its token supply, could lead to wallet congestion and potential centralization risks [1] - The industry highlights the risk of such concentrated token holdings being perceived as a setup for a "rug pull," even unintentionally, due to unforeseen circumstances [1] Response Strategy & Ecosystem Impact - To mitigate centralization risks, the industry decided to burn 983% of the received token supply [1] - The industry plans to swap the remaining 007% of the token into USELESS, a leading token on BonkFun, and subsequently burn the acquired USELESS tokens, ensuring no personal gain [1] - The industry aims to minimize negative impact on the BonkFun ecosystem and token holders who invested in the token [1] Platform & Community Sentiment - The industry emphasizes its commitment to the health of the BonkFun ecosystem over individual gains or "cabal games" [1][2] - The industry hopes to discourage the practice of sending large token supplies and encourages focus on building strong narratives within the BonkFun platform [1][2] - The industry acknowledges the community's trust, demonstrated by the token's market capitalization reaching over $400 million fully diluted valuation (FDV) despite the concentrated token holding [1]