A token burn proposal from a leading DEX was approved the day before yesterday, and 100 million governance tokens (worth approximately $596 million) were burned from the official treasury at 4:30 AM yesterday. According to the new rules, a portion of the funds collected from trading fees by this DEX will also be included in the burn plan, forming a continuous deflationary mechanism.
The scale of funds involved in this burn is indeed significant, and there are many voices in the market optimistic that this move can support the token price. However, it is important to remind everyone not to blindly buy the dip. The burn itself is just a fundamental positive factor; short-term market reactions are often much more complex, and the risk of chasing highs is also substantial. It is wiser to observe quietly and wait for clearer trend signals.
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BugBountyHunter
· 17h ago
Over 500 million burned directly, really bold of you
Destruction is destruction, just don't be fooled into taking the bait
The deflation mechanism sounds great, but it might not be effective in the short term
Wait and see, there's no need to rush
It's the same old trick, once the good news is out, it's time to run
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BTCBeliefStation
· 17h ago
Over 500 million burned directly, this move is really ruthless.
Burning is a good thing, but don't get blinded by FOMO.
The deflation mechanism sounds sexy, but the increase is another story.
How long can this last? Let's wait and see.
Burning coins is easy, supporting the market is hard, brother.
Positive fundamentals ≠ immediate surge, stay sober.
Wait for signals, don't follow the trend and chase highs, those who panic are the ones losing money.
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LuckyBlindCat
· 17h ago
Destroy at half past four in the morning, this operation is indeed a bit exquisite
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AirdropHunterWang
· 17h ago
Destroying $596 million sounds pretty intense, but why does it feel like the market hasn't really reacted yet?
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SybilAttackVictim
· 17h ago
Uh... 596 million burned directly, this move is really ruthless
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Burning ≠ price increase, don't be fooled
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Wait, executed at 4:30 AM? That timing is a bit particular
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The deflationary mechanism sounds good, but I'm worried they'll pull some tricks later
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Waiting for the next wave of dumping, stay calm and don't panic
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This is the easiest time to get caught, I think I'll stay on the sidelines
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596 million gone, how happy must the whales be
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As soon as the burning news comes out, someone will definitely take the bait, lessons learned
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liquiditea_sipper
· 17h ago
The destruction is so aggressive, but I still remain bearish in the short term. The deflationary mechanism sounds good in theory, but what about in practice?
A token burn proposal from a leading DEX was approved the day before yesterday, and 100 million governance tokens (worth approximately $596 million) were burned from the official treasury at 4:30 AM yesterday. According to the new rules, a portion of the funds collected from trading fees by this DEX will also be included in the burn plan, forming a continuous deflationary mechanism.
The scale of funds involved in this burn is indeed significant, and there are many voices in the market optimistic that this move can support the token price. However, it is important to remind everyone not to blindly buy the dip. The burn itself is just a fundamental positive factor; short-term market reactions are often much more complex, and the risk of chasing highs is also substantial. It is wiser to observe quietly and wait for clearer trend signals.