Swell Network Burns 859.9 Million SWELL Tokens in April

Swell Network announced the burning of 859.9 million SWELL tokens in April, representing 8.6% of the total supply. According to NS3.AI, this move is part of Swell Network's strategy to manage its token supply and potentially impact its market value. The token burn is a significant event for the network, aiming to enhance scarcity and possibly increase demand among investors.