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Michael Saylor's 'Strategy' buys 430 Bitcoin worth $49.47 million.
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Token burns, - **Bitcoin (BTC)** - With a fixed supply cap of 21 million coins and halving events every four years (e.g., the 2024 halving reduced mining rewards to 3.125 BTC per block), it naturally becomes scarcer as lost coins are irretrievable. - **Binance Coin (BNB)** - Binance periodically burns BNB using 20% of its profits, with over 40 million BNB burned since 2017, aiming to reduce the total supply from 200 million to 100 million. - **Shiba Inu (SHIB)** - Features regular community-driven burns, like the 410 trillion SHIB burned in April 2023, supported by Shibarium's fee structure, to decrease its massive initial supply of 589 trillion. - **PancakeSwap (CAKE)** - Burns a portion of trading fees daily (around 560,400 CAKE), helping to manage its uncapped supply and maintain value on the Binance Smart Chain. - **Terra Classic (LUNC)** - Implements burns tied to transaction taxes and trading volume, with over 10 billion LUNC burned since its 2022 revival efforts to reduce its circulating supply. These projects use various strategies to enhance scarcity, often appealing to long-term investors.
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Token burns are events where a cryptocurrency project permanently removes a portion of its tokens from circulation, often to reduce supply and potentially increase value. Here are some notable examples: 1. **Binance Coin (BNB)** - Binance conducts quarterly token burns, using 20% of its profits to buy back and destroy BNB. For instance, in Q2 2023, they burned over 2 million BNB, valued at around $600 million at the time. 2. **Shiba Inu (SHIB)** - The SHIB community has organized burns, with a significant event in April 2023 where 410.3 trillion SHIB tokens (worth about $4 million) were sent to a dead wallet, supported by initiatives like Shibarium's transaction fees funding burns. 3. **FUN Token** - On June 24, 2025, FUN Token executed a burn of 25 million tokens, funded by platform revenue, aligning with its deflationary model to enhance scarcity. 4. **Ripple (XRP)** - In 2017, Ripple burned 55 billion XRP (about half its total supply) to create a trust and signal commitment, though subsequent burns have been smaller, like the 12 million XRP burned in transaction fees by mid-2023. These burns are typically recorded on blockchain explorers like Etherscan or BscScan, ensuring transparency.
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šš¹ BOUGHT $210K #LTCUSDT Price 122.8 ā 1,709.9 ššššššš 24h +3.43% Vol 36.9M
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