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ApeX to Hold Weekly Buyback

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ApeX Protocol reports the completion of its regular weekly buyback. A total of 375,000 APEX tokens were purchased on the open market and subsequently locked.

According to the update, the acquired tokens are locked for three years, in line with the protocol’s established weekly routine. The transaction details are available for on-chain verification via Arbiscan.

Event date: January 13, 2026 UTC

What is coin (token) burn?

A coin (token) burn is a process of sending a certain amount of cryptocurrency to a public address that has unobtainable private keys. In the future, the sent coins cannot be spent, thus the coin burn leads to an overall decrease in the cryptocurrency circulating supply.

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Added by the Visitor
Jan 13 17:16 (UTC)
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