cryptotitans
--
Binance founder, CZ, burned alternative coins worth $3.6 million, and their prices are sharply rising❗🤯
After Binance CEO, CZ, burned approximately 3.6 million tokens of TUT and #BROCCOLI, the price of #TUT increased by 15%, while the price of BROCCOLI increased by 17%.
Changpeng Zhao (CZ), the former CEO of Binance and one of the prominent names in the world of cryptocurrencies, burned tokens of TUT and BROCCOLI worth a total of $3.6 million. According to the transaction approved by CZ, a total of 45.58 million tokens of TUT (worth $1.95 million), BROCCOLI tokens (caAb) (worth $1.1 million), and BROCCOLI tokens (6714) (worth $546,000) were removed without any payments made. CZ also stated in a Twitter post that the remaining tokens will be burned later. The cryptocurrency market witnessed positive movement after completing the transaction. After the coin burn, the price of TUT increased by 15%, and the price of BROCCOLI rose by 17%. After the sudden surge, prices quickly returned to their previous levels.
Will the coin burn continue?
In cryptocurrency projects, burning coins is one of the most important methods to ensure price stability and monitor information. This operation conducted by CZ has garnered significant interest from the cryptocurrency community. The coins that experienced a rapid price increase saw quick withdrawals.
After Binance CEO, CZ, burned approximately 3.6 million tokens of TUT and #BROCCOLI, the price of #TUT increased by 15%, while the price of BROCCOLI increased by 17%.
Changpeng Zhao (CZ), the former CEO of Binance and one of the prominent names in the world of cryptocurrencies, burned tokens of TUT and BROCCOLI worth a total of $3.6 million. According to the transaction approved by CZ, a total of 45.58 million tokens of TUT (worth $1.95 million), BROCCOLI tokens (caAb) (worth $1.1 million), and BROCCOLI tokens (6714) (worth $546,000) were removed without any payments made. CZ also stated in a Twitter post that the remaining tokens will be burned later. The cryptocurrency market witnessed positive movement after completing the transaction. After the coin burn, the price of TUT increased by 15%, and the price of BROCCOLI rose by 17%. After the sudden surge, prices quickly returned to their previous levels.
Will the coin burn continue?
In cryptocurrency projects, burning coins is one of the most important methods to ensure price stability and monitor information. This operation conducted by CZ has garnered significant interest from the cryptocurrency community. The coins that experienced a rapid price increase saw quick withdrawals.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.