MEET48 has completed the destruction of 23.47 million IDOL Tokens and the repurchase of 169.92 million IDOL Tokens.

According to a report from 深潮 TechFlow on September 4, MEET48, the world's first AIUGC and fan economy ecological community focused on the entertainment sector, announced the destruction of 23,472,000 IDOL, which accounts for approximately 0.489% of the total supply of IDOL Token and 30% of the total votes cast in the first WEB3.0 All-Community Annual Idol Popularity Audition & Ceremony (WIPA), and disclosed the Hash for the transfer to the Burn Address:

0x048070c7a8b36150ce33b75ade00af8d00c0d2335ef6b402bc72a722d83c833e.

At the same time, MEET48 has completed the buyback of 169,920,000 IDOL, accounting for approximately 3.54% of the total supply of IDOL tokens, and has announced the buyback address:

0x23787C1ca6fe2db73740f70b13c6dEF80c1c8521 and 0x5A1d78Bb15E074A085379FBcBAF959CfA7660E50.

Previously, MEET48 was shortlisted for the BNB Chain 2025 Annual Awards Rising Star and the Top 10 Rise Token of Binance Wallet's Alpha Focus in the past week. The IDOL burn and buyback plan aims to reduce the overall supply, enhance the Token value, and further consolidate the community strength of MEET48. As an innovative pioneer in the Web3.0 entertainment industry, MEET48 is reshaping the global idol industry and fan economy through blockchain and AI.

IDOL-7.15%
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