Wakanda Inu, the African dog meme token has announced its intention to burn $150 Million WKD tokens which are 76% of its Max Supply.
This announcement was made via its Medium publication. The token burn is expected to gold 18 days from today, on the 7th of December, 2021.
Wakanda Inu was launched on the 7th of November after a token sale that lasted for 24 hours and resulted in the project raising over $800,000 of which 80% was locked away and provided as liquidity on pancakeswap.
The project has grown immensely over the 12 days since its launch. At current, it has over 78K holders with a market capitalization of over $16 million after reaching as high as $40 million.
Currently listed across about 13 exchanges across the world, the African meme token has created an unusual movement and spiked interest on social media as it was a trending topic for some days on Twitter.
With the unprecedented growth in the price of Dogecoin and Shiba Inu, meme coins or tokens like Wakanda Inu seem to be a driver of cryptocurrency adoption as multiple stories across the social space may suggest.
The 76% burn of the Wakanda Inu token will reduce the max supply to 24% of a quadrillion.
It’s unclear if more token burn will be announced in the future, whatever the case, Wakanda Inu may just be the fastest-growing meme token in the crypto space.
What do you think of this article? Share your comments below.
Lord Token- A French Cryptocurrency Powered by Binance Cloud
Lord Token is a France-based upcoming cryptocurrency powered by Binance-Cloud that aims to make investing accessible to all to make...
El Salvador Spent $7.3Million to Purchase 150 BTC
Despite Bitcoin’s most recent dump in price the one and only pro- Bitcoin president El Salvador (Nayib Armando Bukele...
ONERARE: Exploring the World’s First Metaverse For Food
Food is one essential part of growth in life and it has a language of its own, a language...
LUNAVERSE; a Convergence of 3D Real City Models & NFTs
Onboard the train of innovations, Lunaverse is merging the digital world with the real world. A taste of Real...
DEFI HORSE – The Metaverse For Horse Racing
DeFiHorse is a metaverse E-sports game based on Blockchain technology and NFTs, enabling users to earn tokens by battling for...