BONK price falls over 7% after burning 1.69 trillion tokens-what’s going on?

Solana-based meme coin Bonk continued its downward rally despite the project recently burning 1.69 trillion BONK tokens. On Dec. 26, over 1.8% of BONK’s entire supply, amounting to 1.69 trillion tokens worth over $51 million was burned as part of…