CandleFocus DOGS, Notcoin to Burn $4 Million in Unclaimed Telegram Airdrop Tokens
2024-10-08
Author: Content Editor
Tomorrow, October 9, Dogs (DOGS) and Notcoin (NOT) will conduct a token burn event, permanently removing $4 million worth of unclaimed tokens from circulation. The burning of tokens is expected to enhance scarcity and potentially increase the long-term value of both cryptocurrencies. DOGS will burn 4.8 billion tokens, while Notcoin will contribute the remainder. Despite both projects experiencing price declines, the community sentiment around the event is bullish. The decision to burn tokens was made transparently with input from the community, and a portion of the unclaimed tokens will be donated to charitable causes. Technical analysis suggests that DOGS and NOT could experience price rallies if they break certain resistance levels. The Dogs team also plans to donate the remaining unclaimed tokens to charitable causes.
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