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Klaytn has carried out a fairly large burn. With the activation of KIP-103, it is said that over 5.2 billion KLAY were burned at once. In terms of circulating supply, it's nearly half, and about 70% of the uncirculated amount has been cleared.
The reason behind such a large-scale burn is said to be due to Klaytn's treasury rebalancing. It's a process of organizing unused tokens held by blockchain projects, and this Klaytn burn is quite significant in scale.
At the time of the announcement, the KLAY price was around $0.2554, having dropped by about 3%. While a reduction in supply could have positive effects in the long term, it seems necessary to watch the market reaction in the short term.