- HTX DAO burned 7.47 trillion HTX tokens worth $13.6M, bringing total burned tokens to 117.79 trillion.
- HTX price stayed muted after the burn, trading near $0.00000180 despite reduced circulating supply.
- Token burns may support HTX long term, but market sentiment remains key to any sustained price rally.
HTX DAO has completed another large-scale token burn, removing 7.47 trillion HTX tokens worth approximately $13.6 million from circulation as part of its second-quarter 2026 supply reduction program.
It stated that the latest transaction brings the cumulative amount of HTX donated and burned to 117.79 trillion tokens. The burn transaction was executed on the TRON blockchain and is publicly verifiable through Tronscan.
HTX DAO said the ongoing burns are designed to optimize the token’s supply structure while supporting the ecosystem’s long-term value.
Q2 Burn Smaller than Previous Quarter
The latest burn follows an even larger reduction in the first quarter of 2026. In April, HTX DAO disclosed that it had burned 10.83 trillion HTX valued at more than $19.22 million, noting at the time that cumulative burns were approaching 11% of the token’s total supply.
The organization said the strategy aims to reinforce long-term value through continued reductions in circulating supply while advancing decentralized governance.
The Q2 burn of 7.47 trillion HTX is roughly 31% smaller than the 10.83 trillion tokens burned in Q1.
HTX Price Shows Muted Reaction
Despite the latest supply reduction, HTX showed little immediate response in the market.
According to CoinMarketCap data, HTX traded at $0.00000180, down 0.90% over the past 24 hours. However, the token has posted stronger performance over longer time frames. HTX is up 6.21% over the past month, rising from around $0.00000160, while it is down 3.65% over the past year.
The token also remains approximately 50% below its all-time high of $0.000003589.
Can Token Burns Drive Another Rally?
The previous quarterly burn offers an interesting comparison, although it does not establish a cause-and-effect relationship.
Following the Q1 burn announcement on April 16, HTX traded around $0.000001779. The token later climbed to $0.000002058 on May 26, representing a gain of approximately 15.7% over about six weeks.
Whether a similar move follows the latest burn remains uncertain. While reducing circulating supply can strengthen token economics over time, price performance also depends on market sentiment, investor demand, liquidity, and macroeconomic conditions.
As the crypto market remains in bear season, token burns alone may not be enough to trigger a sustained rally. However, if market conditions improve, continued supply reductions could become a supportive factor for HTX’s long-term valuation.
Related: ZachXBT Warns HTX Sanctions Hurt Crypto Tracing
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
