ME News reports that on July 25 (UTC+8), the 51st round of SUN token buyback and burn was successfully completed. Since its launch in December 2021, the total accumulated burned amount has surpassed 678.5 million (678,547,188.32 tokens), continuously demonstrating deflationary effects. The three major business lines—SunSwap V2, SunPump, and SunX—contributed approximately 382 million, 286 million, and 10.7 million tokens respectively, providing strong support for the sustainable burn mechanism through diversified revenue streams. This round saw the burn of 9,025,027.40 tokens, all of which have been permanently sent to a burn address. This mechanism continues to reduce the circulating supply, further enhancing SUN’s scarcity and laying a solid foundation for the long-term health of its tokenomics. The SUN team remains committed to advancing its buyback and burn strategy to continuously elevate ecosystem value and reward the community’s longstanding trust and support. (Source: ODAILY)
SUN Token Completes 51st Buyback and Burn, Total Destroyed Exceeds 678 Million
KuCoinFlashShare
The SUN Token has completed its 51st buyback and burn, with 9,025,027.40 tokens destroyed on July 25 (UTC+8). The total burned to date exceeds 678.55 million since December 2021. SunSwap V2, SunPump, and SunX contributed 382 million, 286 million, and 10.7 million tokens, respectively. The ongoing burn mechanism reinforces SUN as one of the altcoins to watch, particularly amid evolving Fear & Greed Index readings. Market supply continues to decline, enhancing token scarcity.
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