FUN Token Surges 16.63% After 25 Million Burn, Volume Soars 186% Amid Deflationary Shift

FUNUSDT experienced a notable price increase of 16.63% over the last 24 hours on Binance, rising from 0.015006 to 0.017502. This surge is primarily attributed to a recent token burn event, where 25 million FUN were removed from circulation, shifting the token model from inflationary to deflationary and triggering heightened bullish sentiment among traders. The significant increase in trading volume, with over 2.59 billion FUN traded and a 186.30% volume rise reported by CoinGecko, further reflects strong market interest. Additional factors contributing to the momentum include the availability of a 74.71% APR on Binance Flexible Earn for FUN and the expansion of trading options such as perpetual contracts with up to 50x leverage. As of now, FUNToken maintains a market capitalization between $175 million and $180 million, with a circulating supply of around 10.82 billion FUN, and remains actively traded on major exchanges, with Binance being the most prominent venue.