List of Flash News about token burn mechanism
| Time | Details |
|---|---|
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2026-01-15 21:47 |
Byte_by_grok Memecoin: Claimed $1M Market Cap and 32% Burn — Contract 0x03cEac3c28E353F5E4626c1242A6C7A41d004354 Key Trading Details
According to @EricCryptoman, the memecoin account @byte_by_grok was deployed by @grok and is currently around a $1 million market cap. Source: @EricCryptoman (X, Jan 15, 2026). According to @EricCryptoman, 32% of the supply is burned in @grok’s wallet, and the burned amount is increasing due to a burn mechanism. Source: @EricCryptoman (X, Jan 15, 2026). According to @EricCryptoman, he added a large position at current levels and shared the on-chain contract address 0x03cEac3c28E353F5E4626c1242A6C7A41d004354. Source: @EricCryptoman (X, Jan 15, 2026). |
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2025-06-01 10:29 |
BNB Quarterly Burn Mechanism: $40 Billion in Tokens Destroyed Since 2017 Boosts Market Value
According to Cas Abbé, BNB initiated its quarterly token burn mechanism in Q4 2017 and has consistently destroyed tokens every quarter since then, with a total of 61.11 million BNB tokens worth $40 billion already burned (Source: Cas Abbé, Twitter, June 1, 2025). This deflationary strategy reduces circulating supply, which can positively influence BNB price action and overall market value, making it a key factor for traders to watch when analyzing BNB’s performance and potential impact on the broader crypto market. |