The planned reserve burn is intended to offset tokens created without authorization on BNB Chain during an Oct. 17 bridge attack.
Summary: The upgraded JST Buyback and Burn program features the following highlights: $50M Treasury Reserve Cushion: Establishes a safety buffer for sustainable ecosystem operations. Expanded
Menlo Ventures’ position is estimated at $14 billion, while Coatue, Spark Capital and Sequoia also hold stakes valued in the billions on paper.
XTEN’s planned initial supply is 1 billion tokens. Eligible recipients are slated to receive their allocation at no cost in self-custodied Arc wallets.
Pepe gained 9.57%, while 52 of the 90 largest cryptocurrencies excluding stablecoins rose over the same 24-hour period.
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