BinaryX Proposes Token Burn, BNX Price Surges by 38%
BinaryX plans to burn 74% of BNX tokens to boost scarcity and value, triggering a 38% price increase. BNX operates in GameFi, amidst sector's $21.4B market cap.

BinaryX plans to burn 74% of BNX tokens to boost scarcity and value, triggering a 38% price increase. BNX operates in GameFi, amidst sector's $21.4B market cap.
The Shiba Inu team has escalated SHIB token burns, recently incinerating over 8 billion tokens, contributing to a total of over 33.8 billion burned in December.
Shiba Inu team educates community on effective SHIB token burns, emphasizing strategic timing and network participation.
Delayed SHIB token burns lead to community frustration, with unclear future timelines and possible impact of external factors.
Following a record burn of over 8.3 billion tokens, Shiba Inu's burn rate has soared by an unprecedented 7,686,774.46%, coinciding with a wider upsurge in the cryptocurrency market.
BONK saw significant loss in its value after the burning event.
Token Burning is simply removing or destroying a reasonable amount of a project’s total supply.