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ETH $1,875.50 -0.34%
BNB $605.57 -0.76%
XRP $1.00 -0.38%
SOL $75.48 -0.26%
TRX $0.3332 -0.08%
DOGE $0.0694 -0.68%
ADA $0.1809 -2.04%
BCH $205.07 -3.83%
LINK $8.80 +0.91%
HYPE $56.47 -1.85%
AAVE $86.88 -1.97%
SUI $0.6760 -1.67%
XLM $0.1588 -1.20%
ZEC $488.22 -0.88%

The DEGEN Foundation is considering a phased destruction of its holdings of 32.5% of the total token supply

2025-07-29 20:53:24

ChainCatcher news, the DEGEN Foundation is exploring the possibility of a phased burn of its 32.5% share of the total supply of DEGEN tokens to address token dilution issues and inflation concerns, and is seeking community feedback. The foundation stated that it will prioritize long-term sustainability over future large-scale airdrops.

The DEGEN Foundation is considering a phased destruction of its holdings of 32.5% of the total token supply

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