Sonic Labs has recently announced a $1M buyback plan for its native $S token, as part of an intentional strategy to bolster their ecosystem and support continued growth. The buying back will take place on Binance, where purchased tokens are bought in portions and further sent to the campaigns for onboarding together with the exchange. This is part of a wider plan to better integrate the token into Sonic Labs’ growing ecosystem and increase engagement over time. Instead of a one-time purchase, the team will release the tokens gradually, in line with user acquisition and engagement activities. Sonic Labs has

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The price of PUMP token saw a big surge after the parent platform Pump implemented a major supply reduction. fun, the token surged around 7.6% in just a day. This followed an announcement that nearly $370 million in PUMP tokens—around 36% of its circulating supply—had been permanently burned. This is one of the largest token burns we’ve seen in recent months, and it quickly caught up with traders. Token burns are when assets are burned (through an irreversible transaction to a dead wallet) and help reduce the overall supply in circulation while also enhancing value possibly driven by scarcity. In

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To make the supply dynamics of the $CAKE token more transparent and clear, PancakeSwap has introduced a new metric that tracks the net burn of $CAKE. This metric shows the actual reduction in supply by taking into account the number of $CAKE tokens that are burned versus the number that are minted. With this development, PancakeSwap is hoping to give its users a much clearer view of how the supply of its native token is changing—at least as it relates to the net supply changes. The introduction of this net burn metric also gives us better insight as to the

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In a market where few AI tokens have reached all-time highs (ATHs) this cycle, $LNQ stands out by achieving multiple ATHs. With its Stochastic RSI currently in an oversold position, another surge could be on the horizon. The team behind $LNQ, @linq_ai, continues to innovate and expand its ecosystem, recently announcing both token burns and the launch of a new product called #Creatr. Additionally, the project has secured several new partnerships, further strengthening its position in the market. Few AI tokens have made ATHs this market cycle and even fewer have made multiple ATHs. $LNQ falls in both categories and

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In a bold move, the team behind Simon’s Cat, the popular meme and animated series, has burned 10% of the total $CAT token supply, equivalent to $24M. This burn, facilitated by FlokiFi Locker, aims to reduce the token’s supply and increase its value. @SimonsCatMeme has burned $24M worth of $CAT tokens via @RealFlokiInu’s crypto locker Simon’s Cat has successfully burned 10% of the total #CAT token supply (900B $CAT tokens worth ~$24M) via FlokiFi Locker. Moreover, Simon’s Cat will airdrop 20% of the total token supply to… pic.twitter.com/RPEaKrDY8M — CryptoDep #StandWithUkraine (@Crypto_Dep) August 27, 2024 But that’s

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Binance has just wrapped up its 28th quarterly BNB burn, eliminating a total of 1,643,699 BNB, which is valued at approximately $971 million. This latest burn did not include the Pioneer Burn Program, focusing solely on the regular quarterly reduction. Binance’s ongoing commitment is to burn BNB each quarter until half of the total supply, roughly 100,000,000 BNB, has been removed from circulation. The BNB Foundation has officially announced the completion of the 28th quarterly BNB token burn by BNB Chain. Total BNB burned is 1,643,698.8 BNB, worth ~$971M. The burn amount is adjusted based on BNB’s price and the

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The Ice Open Network (ION) has recently seen its market cap surge back above the $30 million mark. This resurgence comes just 12 hours after the launch of the Sunwaves Token (SW), the first project under the ION ecosystem. In this short span, the dedicated community burned over 4,500,000 $ICE coins. $ICE Token Burn In just 12 hours since #SW was launched as the first project under the #ION ecosystem, the community has burned over 4,500,000 Coins. With more projects launched, more and more coins will be burned. Soon we will announce the next project to launch!

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SOL price rallied 5% today, but on-chain data raises doubts about whether Solana can overcome the barrier at $190.

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On Monday, an attacker minted $200 million worth of GALA tokens but managed to sell only a portion of them. It’s just been returned.

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