The BONK price is showing signs of recovery as the token nears a crucial milestone and a major burn event looms. With over 1 million holders nearing, one trillion token burn will happen once this threshold is reached. This move could significantly reduce sell pressure and drive up investor confidence. The recent surge in price has been fueled by institutional support, with Wellness company Safety Shot allocating $25 million to the BONK treasury. Analysts are watching closely as new holder growth plays a key role in determining the token’s future trajectory. While the current rally has recovered from a 25% decline this month, it still faces challenges before regaining its peak value.