en.bitcoinsistemi.com
BitTorrent, which was launched in July 2001 and acquired by Tron in 2028, started to rise after Tron, the network on which it was published, completed the $TRX burning.
At this point, TRON ($TRX) stated that it aimed to tighten the token supply and announced that it held an important token burning event on February 14.
Tron said that 9.9 million $TRX tokens were burned and removed from circulation in the last burn event.
Following this burning news, a slight change was observed in the $TRX price, while BitTorrent ($BTT) on the Tron network increased by up to 13%.
#TRON just burned 9,906,766 #$TRX on February 14th 🔥 showcasing a commitment to deflation & value growth 🚀 With a net negative production ratio of -4,840,431 🤯 pic.twitter.com/TmlDJCsxKx
— TRON Community (@TronixTrx) February 15, 2024
While $BTT reacted bullishly to positive news from the Tron network, historically $TRX did not react as quickly to burn news, but $BTT reacted well to positive news from Tron.
Because after the Tron blockchain reached 200 million users in December, $BTT doubled.
$TRX, currently ranked 12th in terms of market value, continues to be traded at $ 0.1313 with a market value of $ 11,563,389.713, while $BTT ranks 71st in terms of market value.
$BTT, which has a market value of $ 1,034,899,651, is traded at $ 0.000001072 at the time of writing.
*This is not investment advice.