The Web3 financial education platform, BugsCoin (BGSC), recently completed the destruction of 416,071,998 BGSC tokens (approximately $4 million). The funds for this came from the repurchase of profits from project referral commissions. This destruction significantly reduced circulating supply and further increased the scarcity of BGSC.
Possibly influenced by this action, the price of BGSC has risen by 800% in the past week and trading activity has greatly increased. As the BugsCoin ecosystem continues to expand, BGSC's market performance continues to rise.