According to @HoodOfficialSOL, $200,000 worth of $HOOD tokens have been burned as part of a new monthly burn initiative, aimed at reducing supply and potentially increasing token value. This move is expected to enhance $HOOD's market position. Traders should monitor upcoming burns and announcements for potential market impacts.

According to Milk Road, the burning of over $500 million in $SOL has had significant market implications. Positive impacts include the elimination of liquidity pool rug pulls and scam token raises, thereby promoting crypto adoption by simplifying token deployment. This development is crucial for traders looking to navigate safer markets and engage in more transparent transactions.

According to Mihir (@RhythmicAnalyst), President Trump and his associates hold around 80% of the Trumpcoin supply. This centralized control could impact liquidity and price stability, as high concentration among a few holders often raises concerns about potential price manipulation. Traders should monitor any changes in holdings or potential token burns as these actions could influence Trumpcoin's market valuation.

According to Milk Road, Pudgy Penguins has burned 13.69% of the $PENGU supply, valued over $150 million, as the claim period concludes. This reduction in circulating supply could potentially increase the scarcity and value of the remaining tokens, impacting trading strategies.

According to EmberCN, HTX recently executed a token burn of 9.98 trillion $HTX, valued at $22.47 million, as part of their 2024 Q4 strategy. This brings the total $HTX burned and donated for liquidity in 2024 to 49.63 trillion, approximately 5% of the total supply of 999.99 trillion. The deflationary measure at this scale suggests a 5% annual decrease in supply, which could enhance the token's value by linking platform growth with $HTX price increases, as faster burns indicate improved platform performance and lead to quicker deflation and potential price appreciation. (Source: EmberCN)

According to H.E. Justin Sun, HTX experienced a record-breaking token burn in Q4 2023, with projections indicating a total burn exceeding $100 million for 2024, significantly raising platform liquidity levels.

According to Ai 姨, a total of 800 million BGB tokens, valued at $5.2 billion, have been successfully burned over the past hour. The burn was conducted through five multi-signature addresses, indicating a significant reduction in circulating supply.

According to Ai 姨, a significant token burn of 800 million BGB, valued at $5.2 billion, has been completed in the past hour. This was executed through five different multi-signature addresses, indicating a substantial reduction in the circulating supply of BGB.

According to Ai 姨, the first burn of BGB tokens has commenced. Approximately an hour ago, a multisig address 0xe36...74E62 transferred 220 million BGB tokens, worth $1.4 billion, to a dead address for burning. The source of the funds traces back to Bitget's token deployment address. Three days ago, Bitget released a new whitepaper announcing the initial burn of 800 million BGB tokens, accounting for 40% of the total supply. It appears that the burn process has started in batches via the multisig address.

According to Ai 姨, Bitget has begun its first BGB token burn. An hour ago, a multi-signature address 0xe36...74E62 transferred 220 million BGB tokens, valued at $1.4 billion, to a dead address for burning. The source of these funds traces back to Bitget's token deployment address. Three days ago, Bitget released a new whitepaper announcing the plan to burn 800 million BGB, which is 40% of the total supply. It appears the burn process has started in batches via multi-signature addresses.

According to EmberCN, Bitget has been implementing a series of strategic actions that have significantly boosted the popularity of the BGB token, making it one of the most discussed tokens currently. There is speculation that the token burn will be conducted through a specific address that has accumulated 564 million BGB tokens, accounting for 28.2% of the supply, over the past two weeks.

According to Ai 姨, BGB has announced a major token burn mechanism. The initial burn will eliminate 800 million BGB tokens held by the core team, which constitutes 40% of the total supply. This will reduce the total supply to 1.2 billion BGB tokens, all of which will be fully circulating. Starting in 2025, BGB plans to conduct quarterly burns, using 20% of profits for buybacks and burns.

According to Ai 姨, BGB has announced a significant token burn mechanism. The initial burn will eliminate 800 million BGB tokens held by the core team, which constitutes 40% of the total supply. This action will reduce the total supply to 1.2 billion BGB, achieving full circulation. Additionally, starting in 2025, BGB plans to conduct quarterly burns using 20% of its profits for buyback and burn operations.

According to Justin Sun, the burn for this period has been completed, and a total of 431,146,104.55 SUN tokens have been burned. This significant reduction in circulating supply could potentially impact the value of SUN tokens, making it a crucial update for traders to monitor.

According to Justin Sun, the SUN token burn will be announced soon and will become more regular. The team is currently focused on resolving API issues related to revenue data. Importantly, 100% of SUN's revenue will be allocated towards burning tokens, reflecting the core value that what happens in crypto stays in crypto.

According to @intotheblock, Reserve’s RTokens experienced a significant flash crash on August 5, 2024, resulting in the largest token burn of the year. However, the market quickly recovered, and the total supply of RTokens is now near its all-time highs. This indicates a strong resilience and potential bullish trend for RTokens, making them a noteworthy asset for traders.