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The buyback and burn data for the 49th round of SUN Token has been released!
The operation period is from November 3 to 27, during which the team repurchased and permanently destroyed over 2.15 million $SUN (the exact number is 2,151,137.8724). This move directly reduced the market circulation, providing support for the token value from the supply side.
It is worth mentioning that the buyback and burn mechanism of SUN has been running since mid-December 2021 and has now lasted for more than three years. This long-term adherence to a deflationary mechanism indicates that the project team has indeed put in a lot of effort into the token economic model. After all, there are really not many projects in the market that can sustain buybacks for such a long time.