What’s Behind Thrupenny’s TPY Recent Price Surge?

Thrupenny is an emerging DeFi ecosystem aiming to transform decentralized finance. It features a smart investment platform, lending, and an in-built DEX for derivatives trading. With strong utility across lending, trading, portfolio management, and more, Thrupenny is positioning itself as a potential leader in the SPACE.

Major Token Burn Announcement Fuels FOMO

On January 18th, the official Thrupenny Protocol Twitter account announced a new large-scale TPY token burn. Per the tweet, over 65 million TPY worth $180 million was removed from circulation. This burn made TPY spike from $1.6 to $2.5, then settled around $2.2.

Token burns decrease circulating supply, theoretically making the remaining tokens more valuable if demand stays constant or increases. For TPY, this burn appears to be catalyzing serious FOMO and bullish momentum.

Transform Hundreds Into Millions With the Magic of Memecoins – think $BONK, but bigger!🤫

The key? Getting in early, especially during the IDO phase. Get in on NuggetRush now! This innovative memecoin blends play-to-earn gaming with real-world gold mining. Join soon to take advantage of the current ICO prices!

Show more +

With major protocol upgrades driving utility and adoption along with deflationary pressures from additional burns ahead, TPY looks poised for continued growth. As the Thrupenny team stated, the accelerating burns are “fueling the journey to #DeFi dominance.”

After the massive token burn, TPY already bounced off its $2 floor. And with the project’s aggressive expansion roadmap, there likely much more upside ahead for the TPY token price.

You may also be interested in:

Check NuggetRush ($NUGX)

Sponsored: Invest Responsibly, Do Your Own Research.
Being in its ICO stage, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices
A unique play-to-earn gaming platform in the memecoin market
The platform combines artisanal and gold mining with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience
Fosters a strong community by encouraging physical meetups among members
NFT Integration with Prominent Characters
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.

Tags:

Philipp Traugott
Philipp Traugott

Phil Traugott is a staff writer at CaptainAltcoin. As a trained marketing specialist for copywriting and creative campaigns, he has been advising top companies on the following topics: online marketing, SEO and software branding for more than 10 years. The topic of crypto currencies is becoming increasingly important for companies and investors and he found it very alluring and fitting for his skillset which prompted him to pivot his career towards blockchain and cryptocurrencies.

CaptainAltcoin
Logo