The 37th repurchase and destruction of SUN tokens has been completed, with over 15 million tokens destroyed
On December 27, SUN.io officially announced that the 37th repurchase and destruction of SUN tokens has been successfully completed. Between November 28 and December 26, a total of 15,247,017.9853 SUN tokens were destroyed and all have been transferred to a black hole address for permanent destruction.
Since the launch of the repurchase and destruction mechanism on December 15, 2021, SUN.io has cumulatively destroyed 475,561,690.49 SUN tokens. Of these, 314,546,620.33 came from revenue from the SunSwap V2 platform and 161,015,070.16 came from revenue from the SunPump platform.
This round of repurchases significantly reduced the market circulation of SUN tokens further optimizing token supply-demand balance laying a solid foundation for enhancing its long-term value and stability in its ecosystem. This move fully demonstrates SUN.io's firm commitment to promoting community prosperity and sustainable ecological development.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Volatility Shares applies to launch a leveraged ETF based on Solana futures
Data: The USDC Treasury burned 50 million USDC on the Ethereum chain 5 hours ago