BNB Chain (BNB)-based meme coin project Kuma Inu (KOMA) announced via its official X (formerly Twitter) that it has "burned $5.9 million worth of KOMA in the last 24 hours, representing 5% of the total KOMA circulating supply." According to CoinMarketCap, KOMA is currently trading at $0.1237, up 0.25%. The burn is part of Kuma Inu's ongoing efforts to reduce the circulating supply of KOMA and increase its scarcity. Kuma Inu is a community-driven meme coin project on BNB Chain. Launched in August 2021, Kuma Inu has quickly gained popularity within the crypto community. The project has a strong focus on community engagement and has developed a loyal following. The recent burn is a positive sign for Kuma Inu and its investors. By reducing the circulating supply of KOMA, the project is increasing its scarcity and potentially driving up its price.