Justin Sun Announces 20 Million HT Token Burn Worth $60 Million

Justin Sun Announces 20 Million HT Token Burn Worth $60 Million



Today, Justin Sun, the advisor for Huobi Token (HT) and the founder of TRON, made a significant announcement. He revealed that they have burned 20 million HT tokens, worth an impressive $60 million. This development represents a crucial moment in the history of HT, as it signifies a substantial decrease in the number of tokens in circulation, leaving only 134 million HT tokens remaining.



This token burn is a part of a comprehensive strategy to enhance decentralization within the HT ecosystem. Notably, Sun highlighted that all tokens owned by the team have been completely burned, demonstrating a strong commitment to decentralization and the elimination of concentrated holdings.



Justin concluded his announcement by stating that HT has transformed into a meme coin with no individual control, fully decentralized, and devoid of


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