**Astar Network to Burn 5% of Total Supply: Plans to Burn 350 Million ASTR Tokens**
Astar Network has announced plans to burn 350 million ASTR tokens, which constitute 5% of its total supply. This significant token burn is scheduled to take place on July 2, 2024, at precisely 21:28:36. The move aims to reduce the circulating supply of ASTR, potentially increasing its value and scarcity in the market. Token burns like this are often seen as bullish indicators, signaling a commitment to enhancing the ecosystem’s health and the interests of token holders. As the date approaches, market participants will be keenly observing the potential impact of this substantial reduction in supply on ASTR’s price performance.
