WEEX Token (WXT) Completes Q1 2026 Burn, Destroying 62,998,141 Tokens

News Editor

2026-06-18 04:00:53

WEEX announced that WEEX Token (WXT) has completed its first-quarter 2026 burn plan under the WXT burn model, with 62,998,141 WXT destroyed and valued at $1,004,127 based on the market price on the burn date.

WEEXWXTWEEX TokenToken BurnEtherscan

According to TechFlow, WEEX announced on June 18 that WEEX Token (WXT) has completed its burn plan for the first quarter of 2026. The exchange said the action was carried out in accordance with the “WXT Burn Model.”

The latest burn involved 62,998,141 WXT. Based on the market price on the date of the burn, WEEX calculated the value of the destroyed tokens at $1,004,127.

The on-chain record disclosed with the announcement can be checked on Etherscan. The corresponding transaction hash is 0xacbedb41f1aaf2277ae33ee00a6bf04480142228a39bc164e910e36853d1fbbc.

A token burn generally refers to removing a specified amount of tokens from circulation or total supply through an on-chain operation. In this case, WEEX described the transaction as part of its WXT burn plan for the first quarter of 2026.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.

100

Disclaimer:

The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.

Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.