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Blockchain_Bulletin
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Pudgy Penguins has burned 13.69% of the $PENGU supply, equating to over $150 million, following the conclusion of the claim period.
Currently, $PENGU is trading at $0.0114, reflecting a 12.63% decrease in the last 24 hours, with a trading volume of $138.86 million, down 34.10%.
The recent supply burn of 13.69% aims to reduce $PENGU's circulating tokens, potentially tightening supply and increasing scarcity. While the token price has seen a dip, this could be the market adjusting to the burn.
With such substantial adjustments to the token supply, investors need to stay updated on how this impacts $PENGU's market behaviour and future value. #PenguTokenBurn
Currently, $PENGU is trading at $0.0114, reflecting a 12.63% decrease in the last 24 hours, with a trading volume of $138.86 million, down 34.10%.
The recent supply burn of 13.69% aims to reduce $PENGU's circulating tokens, potentially tightening supply and increasing scarcity. While the token price has seen a dip, this could be the market adjusting to the burn.
With such substantial adjustments to the token supply, investors need to stay updated on how this impacts $PENGU's market behaviour and future value. #PenguTokenBurn
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