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GateToken Burns $17.75M of GT as Total Burn Value Tops $1.311B

2026-07-06 08:54:34

Abstract generation in progress

GateToken completed its 2026 Q2 on-chain burn by sending 2,570,063.3829548 GT worth more than $17.75 million to a burn address. Cumulative burned GT now totals 189,947,219, with a destruction value above $1.311 billion since the Gate Chain mainnet launched in 2019.

GT-0.73%

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ShuiRuo

· 18h ago

Putting out liquidity while triggering deflation is basically the same as not destroying anything—if you don’t destroy the uncirculated one-off issuance, it’s all nonsense.

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