Really Asset Project Project Mantra plans to create a comprehensive combustion program for his about-token, CEO John Mullin said in an X-post on Wednesday.
Mullin responded to a post that said he was planning to burn his team’s symbols to win society’s confidence in the case of suddenly losing over 0% of its value on Tuesday.
“To be 100% clear, I state that I am burning my team -tookens and we will create a comprehensive combustion program for other parts of about the supply,” he wrote.
Token Burns refers to the process of permanent removal of part of a cryptocurrency’s supply from circulation to increase the value of the tokens left.
About dropped from over $ 6 to under $ 0.45 in a few hours on no sudden catalyst.
Mullin accused the fall of exchanges that closed down on positions, but not everyone bought this explanation. OKX -Basic Start XU referred to the incident as “a great scandal.”
About trades with about $ 0.81 at the time of writing, 87% lower than its price before tueday’s events.
