PENGU Reaches 868,000 Holders, Burns $357 Million in Tokens

The meme coin has removed 13.69% of its total supply from circulation, signaling a major supply reduction milestone.

PENGU

Summary

No Summary provided as the original text is short

Terms & Concepts
  • Token Burn: The process of permanently removing a certain number of cryptocurrency tokens from circulation to reduce supply and potentially increase scarcity.
  • Supply Reduction: A decrease in the total amount of a cryptocurrency available in the market, often achieved through mechanisms such as token burns.
  • Holder Count: The total number of unique wallet addresses holding a specific cryptocurrency at a given time.