News with the tag "token burn"

Massive amount of SHIB has been burned overnight as the SHIB price began to recover

Hold onto your hats, crypto enthusiasts! The DeFi space is buzzing with news that could significantly impact the value and dynamics of SKY tokens. Rune Christensen, the visionary founder behind Sky (formerly known as MakerDAO), has just dropped a bombshell on X (formerly Twitter): Sky is initiating ...

In a surprising turn of events for the SafeMoon community, the project, now under the wing of the VGX Foundation, is embarking on a new chapter. Following a substantial 2.2 trillion SFM token burn, SafeMoon is set to launch a brand-new memecoin on the Solana blockchain. This strategic move, slated f...

Massive SHIB burn takes place but the SHIB price remains unfazed, still facing big resistance level

One of key SHIB metrics has skyrocketed to four-digit value

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.

Explore the impact of token burning and how this process influences cryptocurrency scarcity, its value and the project’s long-term growt

Rune Christensen proposes a deflationary model for Sky, halting token emissions and aligning with MakerDAO's original supply reduction vision.

On Friday, November 1, the BNB Foundation announced the successful completion of the 29th quarterly burn by the BNB Chain. This latest event of the routine token burn reiterates the project’s commitment to a deflationary approach in order to ensure growth. A total of 1,772,712.363 BNB tokens (worth ...

Yesterday, the STEP project executed its final planned token burn for 2024, incinerating 49.6 million STEP tokens—equivalent to 12% of the total supply. This burn involved tokens accumulated over the past four months, with approximately 51 million STEP purchased from the open market through strategi...