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The burn turned out to be a “sell the news event” as traders had already accounted for the purge – and then some.
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![Solana's WEN Token Plummets Despite Burning 27% of Supply](https://bankingandinsurance.in/wp-content/uploads/https://www.coindesk.com/resizer/oktlPGdvtu5DxpFsIeLcWupNOnk=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/YGVQVXZ6VFDBZAOYHNZHQYHKZE.jpg)
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The burn turned out to be a “sell the news event” as traders had already accounted for the purge – and then some.
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Source link