Justin Sun: $8 million worth of SUN Tokens have been destroyed, with $4 million remaining to be executed for destruction.

2024-09-04 06:35:07

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BlockBeats news, on September 4th, Justin Sun stated at X that SunPump has completed the burning of 8 million USD worth of SUN Tokens, with a remaining plan to burn 4 million USD worth. BlockBeats previously reported that on September 3rd, Justin Sun mentioned the repurchase and burning of SunPump's income. The community had suggested burning Liquidity LP Tokens, as this method is adopted by mainstream Meme Tokens like SHIB. Burning LP Tokens has several advantages, including increasing Token Liquidity Depth, allowing the burned Liquidity to still be utilized, and being more compliant with regulatory requirements.

SUN-1.72%

X-0.07%

SHIB0.28%

MEME4.76%

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