SKY announces permanent burn of 7.37M tokens, about 2.6× larger than the first 2.86M token burn. Burns are funded by 5% of Sky's monthly net protocol surplus and scale with business growth.
Key points
Burn amount: permanent burn of 7.37M SKY tokens.
Funding source: 5% of Sky's monthly net protocol surplus.
Sources
PRL hits $1.92 ATH, market cap 4x to $647M
PRL hit a new ATH of $1.92 and its market cap grew over 4x to $647 M in a month. The token is now at $1.72, a -7.8% pullback, and has entered the top 100 by market cap, flipping DASH.
Key points
ATH: $1.92 price level.
Market cap: grew from $137 M to $647 M, over 4× increase.
Sources
HYPE whale sold 100,276 tokens for $8.17M
A whale who bought 257,928 $HYPE at $3.50 each two years ago sold another 100,276 $HYPE for $8.17 M six hours ago to take profits. The sale represents a 26x gain on the original purchase price.
Key points
Sale: 100,276 $HYPE sold for $8.17 M.
Original purchase: 257,928 $HYPE bought at $3.50 each two years ago.
