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Gate, a popular cryptocurrency exchange, has completed its fourth-quarter token burn for 2024—and the exercise sent a clear signal to the market. It was almost an understated affair, but in reality, Gate burned a whopping 2.9 million GT tokens. You can do the math and figure out that this exercise valued at around $63.88 million … Read more
A recent event that drew the eyes of the crypto community was the burning of 13.69% of the total supply of $PENGU tokens. The move saw 12,164,667,616 tokens removed from the circulating supply. Remember, token burns are pretty common in the crypto world. They’re often seen as bullish events, where tokens are literally destroyed to … Read more
The Bonk team initially promised to execute the burn on Christmas Day, but didn’t get around to it until a day later on Dec. 26. Go to Source
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
NOT price will likely undergo a major bullish reversal move in the coming weeks, supported by Notcoin’s initiatives to bring more users to its gaming ecosystem. Go to Source
The recently hacked tokenization platform, Holograph, has unveiled a token-burning process to eliminate one billion illegally minted HLG tokens. The Holograph team stated that this process, which has resulted in the burning of more than 53 million tokens so far, is expected to reduce the total number of tokens in circulation to 10 billion. Holograph … Read more
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
“Fantom will become the youtube/twitch of blockchain platforms,” commented ecosystem architect Andre Cronje. Go to Source Powered by WPeMatico
Despite the large burn value, the network is still inflationary until its PoS transition scheduled for Q2 or Q3. Go to Source Powered by WPeMatico
Bitcoin price is still pinned below $60,000, but the recovery in ETH and altcoins suggests that the current correction could be coming to an end. Go to Source Powered by WPeMatico
