Streamflow Burns 699.99M STREAM, Cutting Supply by 70%
- —699.99 million STREAM burned, about 70% of total supply
- —Total supply fell from roughly 1 billion to 300 million tokens
- —The token has no active mint authority, so the burn cannot be reversed
- —Streamflow's vesting, staking and airdrop services continue as before
Why it matters: Removing 70% of supply rewrites the dilution outlook, though a burn alone does not create demand for STREAM.
Source: Bitcoinist