COCO has completed the first transaction fee burn, with a total of over 146 million COCO burned.

On May 22, news reported that, according to on-chain data, COCO has completed its first transaction fee burn operation, with a total of 146,991,765 COCO burned. The burn has been completed on-chain, and the related transaction hash is: 0xae0b58bacd3b54615849c2d380c3756e6cba328873502af2b7f6cbbb0ffbef19 has been synchronized and announced on the official Twitter. The current burn comes from 20% of the 1% fee extracted from each transaction, marking the official launch of COCO’s deflationary mechanism. According to the mechanism design, as transaction volumes increase in the future, the scale of the burn will continue to expand, further reinforcing COCO’s long-term value support and deflationary expectations.