THORChain Burns 1 Million RUNE Tokens

πŸ”₯ Million RUNE vanished

By Thorchain
Oct 23, 2025, 3:01 PM
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THORChain has officially burned 1,000,000 $RUNE tokens, marking a significant deflationary event for the protocol.​

The burn was tracked and verified by community member @skelethorfi, who monitored the process across every block to ensure accuracy.​

Key highlights:

  • 1M RUNE tokens permanently removed from circulation
  • Community-driven verification process
  • Reduces total token supply, potentially impacting scarcity

Token burns are deflationary mechanisms that permanently remove tokens from circulation, often used to manage tokenomics and potentially increase value for remaining holders.​

Sources

πŸ”₯ 1,000,000 $RUNE officially burned! Massive thanks to @skelethorfi for staying on top of every block. πŸ‘Œ

skeleburnionaire
skeleburnionaire
@skelethorfi

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