adriaparcerisas
@adriaparcerisas
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$SWEAT burning events effect
Flipside AI
The Near blockchain's Sweat token demonstrates a robust token burn mechanism, with 2.03 billion tokens burnt and $18.6M in burn volume, indicating a growing deflationary economic model. Price dynamics show modest appreciation after burn events, ranging from 1.59% in 7 days to 3.34% in 30 days, despite significant weekly price volatility between -17.76% and 33.03%. Currently trading at $0.00855, the token exhibits potential for a low-value microtransaction ecosystem with consistent burn events driving potential price stability.
$SWEAT burning events
$SWEAT burning events impact