Daily Crypto News & Musings

Latest News and Articles about Token Burn

Charles Hoskinson Burns $80M Worthless Meme Tokens, Warns Crypto Community

Charles Hoskinson’s $80 Million Meme Token Burn: A Statement of Integrity Charles Hoskinson, Cardano’s founder, made headlines by publicly destroying 900 billion “Charles” tokens, unsolicited meme tokens created by the Cardano community and sent to his wallet, during a live broadcast. The tokens, which had reached a market value of $80 million, were deemed worthless […]

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BNB Foundation Burns $1.16B in 30th Quarterly Token Reduction

BNB Foundation Completes 30th Quarterly Token Burn, Removing $1.16 Billion from Circulation The BNB Foundation recently completed its 30th quarterly token burn, eliminating over 1.6 million BNB tokens from circulation. Valued at approximately $1.16 billion, this action brings the total supply down to 142.47 million BNB, inching closer to the target of 100 million BNB. […]

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PancakeSwap Burns $19M in CAKE Tokens: Can It Reverse 32% Price Drop?

PancakeSwap Burns $19M in CAKE Tokens Amidst Market Challenges PancakeSwap, a leading decentralized exchange (DEX), recently destroyed 8.95 million CAKE tokens worth approximately $19 million as part of its ongoing strategy to manage its token supply. Despite this significant move, CAKE’s price has fallen 32% over the past month, even as the broader altcoin market […]

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Russ Millions’ $MILLION Meme Coin Plummets 99% in 12 Hours: A Crypto Cautionary Tale

UK Rapper Russ Millions’ Meme Coin $MILLION Crashes 99% in ‘Social Experiment’ Fiasco UK rapper Russ Millions aimed to turn the crypto world on its head with his meme coin $MILLION, launched on January 1, 2025, but the coin’s value took a nosedive, plummeting 99% within just 12 hours. What was supposed to be a […]

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BONK Plans Massive $55M Token Burn to Boost Value and Community Engagement

Bonk, the Solana-based meme coin, is preparing for a massive token burn of 1.69 trillion tokens, valued at around $55 million. This ambitious move follows the recently concluded BURNmas campaign, marking a strategic pivot on Bonk’s second anniversary towards supply reduction and heightened community engagement. BONK plans to burn 1.69 trillion tokens, worth approximately $55 […]

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