Wise Monkey (MONKY) - Token Burn - 26 Dec 2024
- Wise Monkey plans to reduce its circulating supply by burning 1.5 trillion tokens, accounting for 15% of the total supply. Token burns often result in a decreased supply which, according to basic economics, can increase the value of the remaining tokens if demand stays constant or increases. This significant burn could create upward pressure on the price of MONKY. Occurring on December 26, 2024, it could be seen as a positive move by current and potential investors. More about this event can be found on the MonkyMeme Twitter post.
Wise Monkey@MonkyMemeDec 22, 2024Wise Monkey will send 1.5 trillion tokens (~$24M) to the ashes via #Floki's FlokiFi Locker Protocol removing 15% of supply forever from circulation on December 26th
Not bad for a bunch of monkeys! pic.twitter.com/tAjYdqLnzp