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Time Details
2025-07-16
07:27
HTX Exchange Executes Massive Q2 Token Burn, Destroying 11.8 Trillion HTX Valued at $22.17 Million

According to @EmberCN, the HTX exchange has completed its second-quarter token burn for the year, removing 11.8 trillion HTX tokens from circulation, valued at approximately $22.17 million. The transaction has been verified on-chain. This burn is part of HTX's established mechanism where 50% of the platform's quarterly revenue is used to buy back and destroy HTX tokens. This deflationary event is significant for traders as a reduction in total supply can potentially impact the token's market value.

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