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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 硬币项目将于 12 月 19 日燃烧价值 150,000 美元的 HIPP，占总供应量的 2%。在 Bitget 上市几周后，价格就上涨至历史新高。

HIPP price consolidates after retracing from an all-time high

HIPP 价格从历史高点回撤后盘整

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

El Hippo 的价格在 2023 年 12 月飙升至历史新高，达到 0.0000000133 美元，自 8 月份推出以来上涨了 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，这有助于提升其公众形象和支持价格。

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。未来计划进行更多空投。

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

El Hippo 通过 Zealy 活动每两周奖励其社区 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 上市后价格上涨。后来，随着用户兑现了 54,000 美元空投的奖励，价格出现回落。

However, prices later stabilized at around $0.0000000076. 

然而，价格随后稳定在 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 项目目前拥有超过 100,000 名在线粉丝和 10,000 名 HIPP 持有者，这表明该项目正在不断增长。

The scheduled $150,000 token burn

计划销毁 150,000 美元的代币

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 正在销毁 15.7 万亿枚代币，占总供应量的 2%，价值约 15 万美元。

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

代币销毁涉及永久地将代币从流通中移除，减少总体供应并使它们成为稀缺资产。

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. 

这一行动往往先于其他代币的价格上涨。它可以等同于比特币减半事件，减少了新铸造的硬币数量。

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

虽然不能保证 HIPP 燃烧会支撑价格，但它可能会刺激需求。

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). 

与此同时，El Hippo 的在线人气激增，让人想起柴犬 (SHIB) 和狗狗币 (DOGE) 等其他流行模因币的早期。

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

这种日益增长的兴趣可能会支撑价格，特别是考虑到 HIPP 的市值相对较小，低于 600 万美元。

What happens next?

接下来发生什么？

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

很难预测代币销毁将如何影响价格。

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.

一些大学（例如 LUNC 和 USTC）看到了大幅跃升，而另一些则可能不会。代币销毁发生在繁忙的市场中，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.

当一个项目宣布进行大规模代币销毁时，即使只是旁观，这也是一件值得关注的事件。分析师可能会监控 HIPP 价格，看看接下来会发生什么。

Read more: Bitget listing triggers El Hippo price surge

了解更多：Bitget 上市引发 El Hippo 价格飙升

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