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What Happened: Joselito Lizarondo, the founder of the cryptocurrency card payment infrastructure platform Swipe, has burned all of his SXP founder tokens worth over $200 million.
Lizarondo said that the token burn was the largest in SXP history as it effectively destroyed over 17% of the coin s supply.
Swipe V2 Summary and the biggest $SXP burn in history.
I just burned over 17% of the $SXP supply worth over $200 million dollars at this time. Why? Read below https://t.co/yzmShhEHUg
SXP gained 22.39% overnight to a high of $4.85, and its 24-hour trading volume surged 47% to $886 million, according to CoinMarketCap.
Why It Matters: Swipe is a platform that aims to form a bridge between the fiat and cryptocurrency worlds with its three main existing products: the Swipe multi-asset mobile wallet, the Swipe cryptocurrency-funded Visa debit card, and the Swipe Token (SXP). ....

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