$ELY climbs above 12% after Burning more than 2.5M $ELY Tokens

$ELY, utility token of Elysium, the green & optimized blockchain solution for AI, Metaverse, NFT, & Web3 Game projects, is up more than 12% in the past 24hours, & currently trades around $0.005802, with inflow of $333.71k, & trading volume of $49.61M, as per Gate.io chart.

Elysium Blockchain has today disclosed that more than 2.5 million $ELY tokens have been burned across the platform within the past 2 weeks, following significant events across the ecosystem including the VulcanVerse chest openings & the Level 6 Staking events. The latest move decreases the token supply, with the key goal of boosting demand & the value of $ELY token.