The WLFI Team Burns 100 Million Tokens Worth $6.68 Million in 19 Hours

iconKuCoinFlash
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy
AI summary iconSummary

expand icon
According to crypto news, WLFI team-related addresses burned 100 million tokens worth $6.68 million over 19 hours. The founders, team members, advisors, and partners transferred 1 billion WLFI into an unlock vesting contract and burned 10%. This follows continued industry focus on major token burns and market activity.

Odaily Planet Daily reports that, according to on-chain analyst Yujin, the WLFI team-related addresses (founders/team members/advisors/partners) burned 100 million WLFI tokens over the past 19 hours, worth $6.68 million. Four WLFI team-related addresses transferred 1 billion WLFI tokens into the vesting contract and subsequently burned 10% of the corresponding WLFI tokens.

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.