Recently BTC-Alpha, a crypto exchange based in Europe, held the first burn of their native ALP tokens. At block 1225156, the historical burn of 1,000,000 tokens took place.
The burn was held with the consideration of all the trading volumes of ALP and the spot trading activity that took place on BTC-Alpha. The CEO of BTC-Alpha, Vitalii Bodnar, promises this event to be the beginning of a new series of updates.
ALP traded around $0.26 when the burn took place. When this press release was written, CoinGecko informed it was already trading around $1.34, adding a whopping 417.7% to its price since April,16th.
Vitalii Bodnar, the CEO of BTC-Alpha, shared the information about the token burn on his LinkedIn page. He also mentioned the users of the exchange and the participants of ALP ecosystem, thanking them for their input.
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