Search results for "BURNS"
Today
06:59

Former Ripple CTO confirms that destroying escrowed XRP does not drive the price, with Ripple outperforming XLM in the market.

Ripple's Chief Technology Officer David Schwartz points out that burning escrowed XRP tokens would not significantly boost the price, and provides historical data of XLM burns as evidence. He emphasizes that market prices depend more on supply and demand dynamics and investor confidence, rather than mere token burning. This perspective may influence XRP community expectations, prompting attention to actual market demand.
More
XRP1,05%
XLM1,44%
08:52

Polygon burns 25.9 million POL: Supply tightens combined with on-chain capital inflow, is a price turning point coming?

Polygon announces the completion of a new round of token burns, permanently removing approximately 25.9 million POL, about 0.24% of the current circulating supply. The project team stated that if this pace continues, the total burn rate by the end of 2026 will approach 3%. This move is seen as an important step for Polygon to strengthen its token economy and tighten supply, aiming to gradually improve the long-term value structure of POL while network usage grows. However, the short-term market response remains cautious. Affected by the overall weakness in the crypto market, POL's price has fallen by about 6%, and trading volume has decreased to approximately $108 million, indicating a temporary cooling of trading activity. But this has not changed the trend of fundamental improvement. Polygon founder Sandeep Nailwal said on social media that there is a direct correlation between network activity and token value; the more frequently the PoS chain is used, the more POL is burned, and the supply will continue to tighten.
More
POL0,87%
13:34

JustLend DAO completes second JST buyback and burn

JustLend DAO completed its second JST token buyback and burn today, destroying 525 million JST tokens worth 21 million USD. The total destroyed amount has reached 10.96%. In the future, buybacks and burns will continue quarterly with public updates.
More