জাস্টিন সান বার্নস 50 মিলিয়ন হুওবি টোকেন (HT)
On February 10, Sun shared a burn update on X (Twitter), confirming that 20 million HT tokens (worth about $50 million) had been removed from circulation, effectively reducing the circulating HT supply to 110 million HT
TRON founder Justin Sun announced on Saturday the latest burn of Huobi Token (HT), totaling millions of dollars.
Launched in January 2018, HT is the native token of Singapore-based crypto exchange Huobi. The exchange originally started out in China before gradually expanding to Singapore, Japan, and South Korea following China’s crypto ban.
On February 10, Sun shared a burn update on X (Twitter), confirming that 20 million HT tokens (worth about $50 million) had been removed from circulation, effectively reducing the circulating HT supply to 110 million HT.
With “more HT burns in the future, totaling a value of tens of millions to one hundred million dollars depending on the price” coming as stated by Sun, keen observers are speculating about the potential long-term impacts of these burns, especially on the value and utility of HT tokens.
While some believe the burns could potentially lead to an increase in the value of HT tokens, making them attractive in the market, others think a relative scarcity of HT tokens may encourage adoption and usage in DeFi and other platforms that utilize the token for various purposes.
