Note: The original text was written by Dalmas Ngetich and published on July 8, 2024. It has been added, deleted and modified!

On July 8, 2024, Eastern Time, the WUFFI project destroyed 16% of the total supply of $WUF forever, reducing the supply of $WUF from 100 trillion to 84 trillion. At the same time, the $WUF claim window was officially closed, and no $WUF will be minted or claimed from now on!

This $WUF destruction event is of great significance to the WUFFI project. Through the $WUF destruction event, the WUFFI project has demonstrated to the market its commitment to the success and value enhancement of the project by reducing the $WUF supply. This behavior shows that the project team is willing to take actions to further consolidate investor confidence, increase the scarcity of $WUF, and promote the long-term development of the WUFFI project.

In fact, even before the $WUF destruction event, during the memecoin bear market, its price rose by 400% in two months. In May, memecoin performed well, with its total market value exceeding $65 billion, but things changed in June. However, last week, the situation started to get worse, and the top memecoin fell sharply.

Under the double blow of the bear market and the decline in gains, even popular meme coins such as WIF and PEPE have not recovered. To give you a clear idea of ​​this number, you can look at the following data: DOGE has fallen 13% so far this week, while WIF and PEPE have lost about 22% in the same period.

However, even as meme coins plummeted, the native token of the WUFFI project, $WUF, rose against the trend. This meme coin designed for gamers rose 400% in just two months.

From the price chart, the price of $WUF is clearly on an upward trend. Although it is down 24% from the peak in June 2024, its price has started to rise from the low point in the past three days, showing an upward trend.

The token's resilience is mainly due to the WUFFI team's decision to destroy $WUF, as this move will effectively reduce the risk of $WUF inflation. As early as July 2, 2024, US time, more than 11.3 billion $WUF were burned.

In addition, unclaimed $WUF from recent OKX and WUFFI events have also been removed from circulation. Today, July 8, the WUFFI team destroyed more $WUF. This move could strengthen the meme coin and further distance it from DOGE.

In addition to its unique token economics, WUFFI also has a vibrant community and diverse features. It is also a multi-chain token that supports well-known blockchains such as WAX, Solana, Base, and TON. After this destruction event, $WUF is expected to surge and set a new historical high.

In general, WUFFI, as a meme coin project, has broad development prospects in the field of cryptocurrency. As users' recognition of digital assets continues to increase, WUFFI is expected to achieve greater success in the future!

*Friendly reminder: This article is for popular science purposes only and does not constitute any investment advice!