Cryptocurrency News
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 strategic buybacks. Following this burn, the […]
In the ongoing 24th burn event, OKEx’s OKB Buy-Back and Burn wallet has received 5.73 million OKB tokens, valued at approximately $259 million, in the past two hours. Since May 15, 2019, the OKX team has repurchased a total of 97.92 million OKB, now worth $4.42 billion, conducting these burns […]
The OKB token, issued by the OKX blockchain foundation, has shown resilience today, experiencing a 4.5% recovery and reaching the $61 mark. On March 16, OKX executed its 23rd OKB Buyback and burning, marking yet another milestone in its journey. The buyback resulted in approximately 11.48 million OKB tokens being […]
In a notable development for the Evmos Foundation, co-founder Akash Khosla, who departed in May 2023 and owns a wallet containing 34 million tokens, had previously attempted to sell 500,000 EVMOS on Osmosis. However, in a positive turn of events, Khosla has agreed to return the EVMOS tokens to the […]
The Shiba Inu (SHIB) token blockchain is currently witnessing a staggering surge in whale transactions. Particularly those amounting to $100,000 or more, which skyrocketed by an astonishing 1,314% in the last 24 hours. Large transactions involving $SHIB, valued at $100,000, have skyrocketed the price surge by 1,314% within the last […]
In the last 24 hours, Shiba Inu, the widely popular meme coin, witnessed a remarkable increase in its burn rate, with 8,241,856,589 SHIB tokens incinerated in a single transaction. The total Shiba Inu tokens burnt in this period reached 8,349,329,301, marking an astounding surge of over 7,686,774%. 🚨JUST IN: #ShibaInu's […]
Recently, Binance, the world’s leading cryptocurrency exchange, executed the 16th batch of Terra Classic ($LUNC) burning. This resulted in the incineration of a staggering notable 3.9 billion LUNC tokens. This event, the first burn since the departure of former CEO Changpeng Zhao, has triggered remarkable shifts in the $LUNC market. […]
Elon Musk’s Grok AI bot-inspired memecoin $GROK has turned into the focal point of a crypto controversy, shaking the cryptocurrency community as questions about its realness come up. Zachxbt raised concerns on X (formerly Twitter) on November 13, suggesting that Grok’s online presence may be a façade with assets repurposed […]
Baby Doge Coin’s burning frenzy and deflationary design aim to create scarcity and potentially drive up its value over time. By burning a significant portion of their supply (approximately 49.146%), the cryptocurrency’s developers have demonstrated a commitment to reducing the total circulating coins, which could lead to increased demand and […]