Did you catch how FOGO’s token supply dropped 3% in the last 48 hours after the latest token burn update on Binance? 🔥 Man, that’s not just cosmetic.
First, lower circulating supply tightens liquidity. On-chain data shows fewer tokens sitting on exchanges, which honestly could reduce short-term sell pressure if demand holds. It’s simple math — less supply, same attention, different balance.
Second, this lines up with FOGO’s roadmap focus on sustainable tokenomics from the whitepaper and recent AMA. Controlled burns were always part of the plan to balance ecosystem incentives with long-term scarcity.
And compared to other DeFi plays that inflate rewards aggressively, FOGO’s approach kinda reminds me of that wild ETH merge back in ’22 — supply mechanics actually matter.
So yeah… is this burn just maintenance, or the start of a stronger scarcity cycle for $FOGO holders? 🤔