AntFun Launches Token Buyback and Burn Program, Destroying Over 110 Million Tokens

KuCoinFlash

Release Time: 06/19/2026 04:13:01

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Summary

AntFun has launched a token buyback and burn program, using 97% of business revenue to repurchase and destroy tokens. Over 110 million tokens have been burned, valued at more than $26 million. This initiative follows mixed sentiment in the Fear & Greed Index across key altcoins. AntFun aims to build a next-generation Web3 super entrance, centered on a socialized wallet featuring alpha discovery, trading, and prediction markets.

BlockBeats report: On June 19, AntFun officially launched its token buyback program: 97% of platform revenue from lending operations will be used to repurchase and burn AntFun tokens, continuously driving value back into the ecosystem and establishing a long-term deflationary mechanism.

To date, AntFun has cumulatively burned over 1.1 billion tokens, with a total value exceeding $26 million at current market prices.

In the future, AntFun will center around a social Web3 wallet, connecting core scenarios such as Alpha discovery, Alpha trading, contract trading, and prediction markets to build the next-generation Web3 super gateway that integrates social interaction, information, trading, and asset management.

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