SOLANA SCARCITY: 62.9% of Total Supply Burned On-Chain (Verified Data)

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stake42Member
Posts: 1 · Reputation: 83
#1Jul 14, 2022, 11:47 AM
Hey everyone, If you want to see real scarcity with Solana instead of just hype around meme coins, check out the verified on-chain data for XFEE right now: * 🔥 A whopping 62.9% of the total supply has been permanently burned due to organic trading volume. * 🔒 More than 172K tokens are locked up in the staking smart contract, and there are still 700+ days left. * 🏦 There's $1.62M in liquid capital from mining that’s been untouched, stored in treasury to help maintain the floor price. The token’s already verified and listed on CoinGecko and CoinMarketCap, plus it’s fully set up with the Binance DEX framework. The circulating supply is really tight right now. If you want to skip the queue and get your Premium Tier Access Code, hit up our investor desk on WhatsApp: 🔗 Direct Link: https://wa.link/mu2urt ⚙️ Access Code: 2xWommgbXdoWgVNkh5iFttxhvJGiwkn484pJiypxRAdi
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ryanwizardSenior Member
Posts: 334 · Reputation: 1694
#2Jul 14, 2022, 03:28 PM
The moment you discovered that there is a token Burn in this manner, it shows that there is more to discover on how the market is not performing as expected and this is apply in order to trigger the increase in demand so that the market value will increase as this increase comes on board, it's actually a strategy and it has been working in so many cases, but I don't expect that solana should have experienced such in times like this.
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