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BitTorrent's BTT Surges 12% as Owner Tron Completes TRX Burn

BTT, the eponymous token of BitTorrent, the peer-to-peer file sharing platform owned by Tron, is up over 12% as the Tron network works through another burn of its TRX token. Burning crypto involves permanently removing tokens from circulation by transferring them to an inaccessible wallet, often to reduce supply and potentially increase the value of the remaining tokens, and is considered to be deflationary. TRX is currently in a deflation phase with an annualized rate of decrease of 2.99%. Historically, BTT seems to react well to positive news from Tron, even if the TRX token does not move with the same velocity.

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