BigShort to burn remaining SHORT airdrop reserve, keep 500 million for future CEX liquidity

BigShort said on X that, following discussions between the community and the team, all remaining SHORT tokens in its airdrop reserve will be burned, with only 500 million tokens retained for future centralized exchange, or CEX, liquidity needs. The update outlines how the project plans to handle the undistributed portion of its airdrop allocation. The project also disclosed figures from its first airdrop round. According to the post, 56,243 addresses completed the claim process, and a total of 6.143 billion SHORT tokens were distributed. No additional details on the burn schedule or specific exchange plans were provided in the source material. The announcement was reported by Odaily under the market analysis category.