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 […]
The OKB token, issued by the OKX blockchain foundation, has shown resilience today, experiencing a 4.5% recovery and reaching the $61 mark. On March 16, OKX executed its 23rd OKB Buyback and burning, marking yet another milestone in its journey. The buyback resulted in approximately 11.48 million OKB tokens being […]
Solana’s SLERF token experienced a whirlwind of activity, characterized by a rapid price surge followed by a steep decline, leaving investors and traders reeling from the volatility. According to on-chain reports from Lookonchain, an address identified as 5Jha8h…jmbzxd entered the market with a bold move, purchasing 69.74 million SLERF tokens […]
In a notable development for the Evmos Foundation, co-founder Akash Khosla, who departed in May 2023 and owns a wallet containing 34 million tokens, had previously attempted to sell 500,000 EVMOS on Osmosis. However, in a positive turn of events, Khosla has agreed to return the EVMOS tokens to the […]
Recently, Binance, the world’s leading cryptocurrency exchange, executed the 16th batch of Terra Classic ($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. […]
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 […]