The post Sparklo (SPRK) Skyrockets As Klaytn (KLAY) Continues To Drop Despite Burning Half Of Total Token Supply appeared first on Coinpedia Fintech News
Crypto traders and investors are always looking for new projects and ways to maximize their earnings in the Web3 sphere. As a result, they have invested in presale stage projects such as Sparklo (SPRK) which offers huge benefits. Meanwhile, the Klaytn (KLAY) token has been in decline over the past week.
Klaytn (KLAY) Continues To Drop Despite Burning Half Of Total Token Supply
Despite the recent activity in the Klaytn (KLAY) community, the price of its native token has been in a downward trend in the past 7 days.
On Monday, April 17th, Klaytn (KLAY), a blockchain company based in South Korea destroyed around half of its Klaytn (KLAY) token supply. Over 5.281 billion tokens were burnt. The purpose of the reserve was to finance the growth of Klaytn’s ecosystem.
Unfortunately, this event did not affect the price positively as the tok
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