Burn Alert: DEX Token $ETHETF Recovers +26% As Market Sentiment Flips Bullish Amid 21% Supply Burn
Wednesday, November 29, 2023 – November’s breakout DEX token $ETHETF is rapidly approaching the 21% of total supply burn target, with 1,000,000 tokens burned today alone, as markets flip bullish – don’t miss out.
ETH ETF token is making waves in DEX markets once again, as another 1,000,000 $ETHETF tokens are burned (representing 1% of total supply). The burn can be tracked on Etherscan here.
This burn is the latest in the midst of an ongoing dynamic burn mechanism, aiming to reduce ETH ETF token supply by 21M tokens (or around 21% of supply).
With the number of manually burned ETHETF tokens now standing at 14,000,000, atop a further 6,000,000 burned via the 2% buy tax, a total of 20,000,000 $ETHETF (valued at over $200k) has been removed from the total supply (equating to a 20% reduction).
Now, drawn in by the reduced supply, new investors are racing to take position in what is being called the best deflationary altcoin of 2023.
Amazing news, #ETHETF community!
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