A promising crypto on the horizon!

More and more investors are clustering around a new token, $ETHETF, not at all by accident. The creators of the project burned a huge amount of tokens in the past few days, which caused the price to rise rapidly.

Since the project currently has a relatively small market size, and only the most attentive traders have noticed it, it is worth pouncing on the tokens as soon as possible.

The current excitement was primarily caused by the fact that the team destroyed 1 million ERC-20 $ETHETFs in a single day, which is 1 percent of the total token pool. You can check the burning details on the Etherscan interface.

However, this burn was only a small part of a larger program in which the team will destroy 21 percent of the total $ETHETF volume.

Currently, the number of tokens burned in this way stands at 14 million and an additional 6 million $ETHETF has been removed from the network through the 2 percent transaction tax. The combined current value of all of these is over $200,000.

How does the ETH ETF burning system work?

After an exciting and unexpected launch, the value of $ETHETF managed to increase by more than 200 percent in the first 48 hours. After that, the developers announced the burning program, which is still ongoing, on…