CoinEx Completed 10th Strengthens Monthly CET Repurchase and Burning of 2025
HONG KONG, Nov. 07, 2025 ( GLOBE NEWSWIRE ) -- CoinEx, a world-leading cryptocurrency exchange, has officially completed its 10th Monthly CET Repurchase and Burning of 2025, permanently removing 16,911,043.97 CET from circulation-equivalent to a market value of approximately $990,159.48 USD. ...
How this was made
The 30-second read
Why it matters
The recent 10th burn event permanently removed approximately 16.9 million CET, valued at around $990,159.48 USD, indicating a significant supply reduction.
Market read
The token burn reinforces CoinEx's commitment to token value support, which may positively influence CET's market perception and price.
What to watch
Market-wide volatility, regulatory developments, or broader crypto market downturns could offset the positive impact of the burn.
Background
CoinEx has been actively engaging in monthly CET buyback and burning, aiming to reduce circulating supply and support token value.
Ticker impact
Primary focus of the news, related to CoinEx's repurchase and burning activities.
Moderate upward price pressure expected over the short to medium term.
Regular buyback and burn events decrease supply, which, assuming steady demand, can lead to price appreciation. The fact that this is the 10th consecutive event indicates a sustained commitment, reinforcing positive sentiment.
Market effects
Potential positive impact on the broader blockchain and crypto exchange sectors due to active token management strategies.
Limited, as the news pertains to a Hong Kong-based exchange with global operations.
Moderate, as token burn events are common in the crypto industry, but this reinforces CoinEx's market position.
Counterpoint
The burn event may be already priced in, and the token's price could be due for a correction or consolidation.
Key entities
- ExchangeCoinEx
A global cryptocurrency exchange based in Hong Kong, known for its token management strategies.
