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El Hippo meme coin project is burning $150,000 worth of HIPP on Dec. 19, representing 2% of the total supply. The burn is weeks after listing on Bitget and prices rallying to an all-time high.

El Hippo meme 硬幣計畫將於 12 月 19 日燃燒價值 15 萬美元的 HIPP，佔總供應量的 2%。在 Bitget 上市幾週後，價格就上漲至歷史新高。

HIPP price consolidates after retracing from an all-time high

HIPP 價格從歷史高點回撤後盤整

El Hippo prices soared to an all-time high in December 2023, reaching $0.0000000133, a 460% increase after launching in August. 

El Hippo 的價格在 2023 年 12 月飆升至歷史新高，達到 0.0000000133 美元，自 8 月推出以來上漲了 460%。

El Hippo has been successfully listed on MEXC and Bitget, which has helped raise its public profile and supported price.

El Hippo 已成功在 MEXC 和 Bitget 上市，這有助於提升其公眾形象和支持價格。

Additionally, a $54,000 airdrop seems to have contributed to its success. More airdrops are planned for the future.

此外，54,000 美元的空投似乎也促成了它的成功。未來計劃進行更多空投。

El Hippo rewards its community with $700 every two weeks via the Zealy campaign.

El Hippo 透過 Zealy 活動每兩週獎勵其社區 700 美元。

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Prices rallied after listing on Bitget. Later, it retraced as users cashed out their rewards from the $54,000 airdrop. 

在 Bitget 上市後價格上漲。後來，隨著用戶兌現了 54,000 美元空投的獎勵，價格出現回落。

However, prices later stabilized at around $0.0000000076. 

然而，價格隨後穩定在 0.0000000076 美元左右。

The El Hippo project now has over 100,000 followers online and 10,000 HIPP holders, pointing to growth. 

El Hippo 專案目前擁有超過 100,000 名線上粉絲和 10,000 名 HIPP 持有者，這表明該專案正在不斷增長。

The scheduled $150,000 token burn

計劃銷毀 15 萬美元的代幣

El Hippo is burning 15.7 trillion tokens, or 2% of the total supply worth around $150,000 at the time of the announcement.

El Hippo 正在銷毀 15.7 兆枚代幣，佔總供應量的 2%，價值約 15 萬美元。

A token burn involves permanently removing tokens from circulation, reducing the overall supply and making them scarcer assets.

代幣銷毀涉及永久地將代幣從流通中移除，減少整體供應並使它們成為稀缺資產。

This action tends to precede price increases in other coins. It can be equated to the Bitcoin halving event which reduces the amount of newly minted coins. 

這項行動往往先於其他代幣的價格上漲。它可以等同於比特幣減半事件，減少了新鑄造的硬幣數量。

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While there is no guarantee that the HIPP burn will support prices, it may catalyze demand.

雖然不能保證 HIPP 燃燒會支撐價格，但它可能會刺激需求。

Meanwhile, there is a spike in El Hippo’s online popularity, reminiscent of the early days of other popular meme coins like Shiba Inu (SHIB) and Dogecoin (DOGE). 

與此同時，El Hippo 的線上人氣激增，讓人想起柴犬 (SHIB) 和狗狗幣 (DOGE) 等其他流行迷因幣的早期。

This growing interest could support prices, especially considering HIPP’s relatively small market capitalization of below $6 million.

這種日益增長的興趣可能會支撐價格，特別是考慮到 HIPP 的市值相對較小，低於 600 萬美元。

What happens next?

接下來發生什麼事？

It’s tough to predict how token burns will affect prices.

很難預測代幣銷毀將如何影響價格。

Some, like LUNC and USTC, see a big jump, while others may not. Token burns happen in a busy market with many factors at play.

一些大學（例如 LUNC 和 USTC）看到了大幅躍升，而有些則可能不會。代幣銷毀發生在繁忙的市場中，有很多因素在起作用。

When a project announces a significant token burn, it’s an event to watch, even if just from the sidelines. Analysts will likely monitor HIPP prices to see what happens next.

當一個專案宣布進行大規模代幣銷毀時，即使只是旁觀，這也是值得關注的事件。分析師可能會監控 HIPP 價格，看看接下來會發生什麼。

Read more: Bitget listing triggers El Hippo price surge

了解更多：Bitget 上市引發 El Hippo 價格飆升

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