Tokens tied to CZ and TCC posted sharp intraday gains after a burn from the CZ donation address, according to Odaily, citing GMGN data. TCC rose more than 100% in a short period, bringing its market capitalization to $7.67 million. CZ climbed more than 250%, with market capitalization reaching $29.75 million.
Earlier information cited in the report said the CZ donation address burned 700 million CZ tokens, equal to 70% of CZ supply held as chips, and 400 million TCC tokens, equal to 40% of TCC chips. The move was followed by a rapid price reaction in both tokens. No additional details on the burn process or trading duration were provided in the brief.
Odaily reported, citing GMGN data, that TCC rose more than 100% in a short period, lifting its market capitalization to $7.67 million. CZ gained more than 250%, with its market capitalization reaching $29.75 million.
Earlier information referenced in the brief said the CZ donation address burned 700 million CZ tokens, accounting for 70% of CZ chips, and 400 million TCC tokens, accounting for 40% of TCC chips.
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