The Binance Foundation recently completed its 27th quarterly BNB token burn on the BNB Chain, marking another significant milestone in the platform’s ongoing efforts to reduce the total supply of BNB tokens. During this process, the platform permanently removed 1,944,452.51 BNB tokens, valued at approximately $1.17 billion at the time
Despite a period of relative quiet, the dedicated Shiba Inu (SHIB) community has sustained its token-burning campaign, with periodic contributions helping to bolster the deflationary trend. This ongoing effort involves sending SHIB tokens to a dead or burn wallet, permanently removing them from circulation. An anonymous wallet address initiated one
In an exciting development that has caught the eye of the cryptocurrency community, Shiba Budz (BUDZ), a new contender in the meme coin arena, has announced a strategic move that sets it apart from its competitors, including the well-known Dogecoin (DOGE). In a bold step aimed at enhancing its market
Another cryptocurrency exchange has joined the Terra Luna Classic community’s token burn initiative in an effort to decrease the amount of LUNC in circulation. Similar to Binance’s 50% LUNC burn mechanism, Singapore-based crypto futures trading platform WEEX has pledged to burn 30% of LUNC trading fees. In a post on
In the dynamic realm of cryptocurrency, where market sentiment can shift as quickly as the wind, a new contender is making waves, challenging established players with bold strategies and ambitious growth projections. Enter Shiba Budz (BUDZ), a nascent token that’s rapidly gaining traction as a formidable rival to the beloved
Shiba Inu, the second-largest memecoin by market cap, has seen a surge of over 22445% in its 24-hour burn rate. This surge occurs as an aftermath of the SHIB team’s massive burn of 13.4 billion SHIB, worth $466K at current prices, in the last 12 hours. On X, Shiba Inu’s
There’s one rule in crypto when it comes to tokenomics – the more you burn, the pricier it gets. Coin price fundamentals function on demand-supply ergonomics. Higher demand against limited supply pushes the prices of tokens up and vice versa. For instance, Ethereum has consistently gained value as more tokens
In the 19th batch of the LUNC burn mechanism, crypto exchange Binance, burnt 2.21 billion Terra Luna Classic (LUNC) tokens. This brings the total number of tokens burnt by the Terra Luna Classic community to over 102 billion, while the net burn by the crypto exchange reaches over 53 billion.
Zeebu, the Web3 Neobank platform, has recently announced a strategic move to introduce the ZBU Phoenix Protocol. This initiative, aimed at optimizing token supply, underscores Zeebu’s commitment to build an ecosystem with a foundation of trust, backed by transparency and sustainability. Zeebu is a blockchain-based platform, specifically engineered for telecom
Justin Sun, the advisor of Huobi Token (HT) and founder of TRON, announced today the burning of 20 million HT tokens, valued at a staggering $60 million. This move marks a pivotal moment in HT’s history, signaling a significant reduction in circulating supply, with only 134 million HT remaining in
