$SEILOR rises over 26% following announcement of massive $SEILOR burn

$SEILOR, the utility token of Kryptonite, a decentralized finance protocol on the Sei blockchain, has risen over 26% in the past 24 hours and is now trading at around $0.028334 with $162.32k in inflows

This follows Kryptonite’s exciting announcement that millions of $SEILOR tokens will be destroyed on October 14, 2024. The move will reduce the circulating supply while increasing the value of the token and the overall ecosystem.