A major move in the DeFi space: after the community-approved fee burn proposal, a leading DEX protocol has executed a significant treasury action. The protocol burned 100 million governance tokens valued at approximately $591 million just hours ago. This marks a notable implementation of the governance decision, potentially impacting token circulation and market dynamics.
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BitcoinDaddy
· 9h ago
591 million dollars directly burned? That's really hard to understand, haha
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GasDevourer
· 9h ago
Destroying 591 million is really ruthless. Now that the circulating supply has decreased, I wonder if it will trigger a price surge.
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PumpDetector
· 9h ago
ngl, 591M token burn is exactly the kind of signal smart money reads before retail catches the move. been watching the on-chain flow patterns and this reeks of accumulation setup tbh
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MidnightTrader
· 9h ago
591 million was burned directly, how confident this is
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LiquidationSurvivor
· 9h ago
$591 million was burned directly; this move is really ruthless.
A major move in the DeFi space: after the community-approved fee burn proposal, a leading DEX protocol has executed a significant treasury action. The protocol burned 100 million governance tokens valued at approximately $591 million just hours ago. This marks a notable implementation of the governance decision, potentially impacting token circulation and market dynamics.