Parallel USDp Held Token Burn on April 16th

Name: Token Burn
Start: 2026-04-16T00:00:00Z
End: 2026-04-17T00:00:00Z

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Parallel USDp burned all unmigrated PRL tokens on April 16th. The burn removed 37.09% of total supply from circulation.

Event date: April 16, 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.

Parallel
@parallelmoney

That moment when you realize 37.09% of the total $PRL supply has just been burned. 🔥

All unmigrated tokens have been permanently removed from circulation as of April 16, 2026.

For $PRL holders, this is a historic day. Over a third of the supply is gone forever.

The protocol

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