Token Burn

Dog-themed cryptocurrency Shiba Inu (CRYPTO: SHIB) has seen a significantly increase in token burns, with a 207% surge in the last several hours.  What Happened: The Shiba Inu community has burned 4,796,486 SHIB tokens in several hours. This represents a 207.81% increase in the burn...

Shiba Inu (CRYPTO: SHIB) experienced a token burn of nearly 10 billion tokens in January, as its marketing lead expressed optimism about Shibarium's progress. What Happened: Lucie, the marketing lead of Shiba Inu, shared an X post after meeting with the lead developer...

Avalanche (CRYPTO: AVAX) may reach a triple-digit surge for December due to highest-ever burnt transactions and new partnerships. What Happened: Ranked at number nine in the top 20 cryptocurrencies, Avalanche is sitting at gains of 85% in last month's trading session, compared to 15% in Bitcoin...

In the past week, cryptocurrencies from the Terra ecosystem, Terra Luna Classic (CRYPTO: LUNC) and USTC, have experienced notable surges. This uptick is driven by optimism surrounding various projects and crypto exchanges, as well as anticipation of a burn activity by Binance, which took place on...

Frog-based meme coin, Pepe is the 83rd largest cryptocurrency with a current market cap of $453.8 million, and is the third-largest meme coin. What Happened: Data from LookOnChain indicated a whale spent 617 ETH (around $1.11 million) for purchasing 996 billion PEPE (CRYPTO:...

Cryptocurrency exchange OKX has executed a monumental move by burning more than $258 million worth of its native tokens, OKB, in a three-month period between March and May. This strategized action sent the OKB tokens on an upward trajectory, while the broader cryptocurrency market showed...

In an unprecedented move, leading gaming company Gala Games obliterated nearly 21 billion of its (CRYPTO: GALA) tokens, equating to more than $637 million at the time of the burn. What Happened: This colossal token burn was undertaken following the completion of the V2 token airdrop...

Terra (CRYPTO: LUNA) founder Do Kwon shared a burn wallet address with users over the weekend, only to later clarify that sending tokens to that address would amount to nothing. What Happened: In response to a request from a user on Twitter on May 21, Do Kwon shared a burn address – a wallet...