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In a market where few AI tokens have reached all-time highs (ATHs) this cycle, $LNQ stands out by achieving multiple ATHs. With its Stochastic RSI currently in an oversold position, another surge could be on the horizon. The team behind $LNQ, @linq_ai, continues to innovate and expand its ecosystem, recently announcing both token burns and … Read more
In a bold move, the team behind Simon’s Cat, the popular meme and animated series, has burned 10% of the total $CAT token supply, equivalent to $24M. This burn, facilitated by FlokiFi Locker, aims to reduce the token’s supply and increase its value. ⚡️ @SimonsCatMeme has burned $24M worth of $CAT tokens via @RealFlokiInu’s crypto … Read more
Binance has just wrapped up its 28th quarterly BNB burn, eliminating a total of 1,643,699 BNB, which is valued at approximately $971 million. This latest burn did not include the Pioneer Burn Program, focusing solely on the regular quarterly reduction. Binance’s ongoing commitment is to burn BNB each quarter until half of the total supply, … Read more
The Ice Open Network (ION) has recently seen its market cap surge back above the $30 million mark. This resurgence comes just 12 hours after the launch of the Sunwaves Token (SW), the first project under the ION ecosystem. In this short span, the dedicated community burned over 4,500,000 $ICE coins. 🔥 $ICE Token Burn … Read more
Known lifestyle influencer and former kickboxer Andrew Tate has burned TOPG tokens valued at over $10 million after announcing it on social media. Tate received over 580 million TOPG tokens as a donation from an unnamed party, and announced that he would burn it so “everyone else makes money.” After burning the tokens, Tate celebrated … Read more
SOL price rallied 5% today, but on-chain data raises doubts about whether Solana can overcome the barrier at $190. Go to Source
On Monday, an attacker minted $200 million worth of GALA tokens but managed to sell only a portion of them. It’s just been returned. Go to Source
Binance Chain has successfully executed its 26th quarterly BNB token burn, as officially announced by the BNB Foundation. In this latest burn, a total of 2,141,487.27 BNB were eliminated, equivalent to approximately $636 million in market value, according to statements released by Binance. BNB serves as the native cryptocurrency within the BNB Chain ecosystem, powering … Read more
Uniswap’s Hayden Adams burned 99% of the HayCoin (HAY) supply on Oct. 20 over concerns about price speculation. Go to Source
Token deflation has become a sought-after strategy in the cryptocurrency space, as it can drive scarcity and increase the value of a digital asset. Various projects are adopting these strategies to stimulate price appreciation and create a more attractive investment. Here are the top methods used for token deflation: Burn Mechanisms: Many projects employ token … Read more
