An insider trader turned 0.34 Ethereum (CRYPTO: ETH), worth $878, into around $550,000 within the first eight hours after the launch of a memecoin called FERRET.
In an unprecedented move, leading gaming company Gala Games obliterated nearly 21 billion of its (CRYPTO: GALA) tokens, equating to more than $637 million at the time of the burn.
What Happened: This colossal token burn was undertaken following the completion of the V2 token airdrop from the company's reserves.