HTX DAO Burns Over $19 Million Worth of $HTX Tokens, Reinforcing Deflationary Web3 Finance Vision

HTX DAO, a decentralized autonomous organization dedicated to building a transparent and community-driven Web3 financial hub, completed its Q1 2025 token burn. The burning event saw the destruction of approximately 11.3 trillion $HTX tokens, valued at over US$19.2 million, according to on-chain data. Despite market volatility characterized by Bitcoin’s retracement from highs near $110,000 to around $70,000 and a drop in global crypto trading volume of 27% as reported by Coingecko, the HTX DAO remained committed to its deflationary strategy.