GRVT Completes 1.1M Token Burn as Grvt 2.0 Launch Approaches
The platform's first token buyback and burn removes nearly 1% of circulating supply ahead of major product updates.
The platform's first token buyback and burn removes nearly 1% of circulating supply ahead of major product updates. This is an original Token Times brief synthesising 2 outlets (NewsBTC, BeInCrypto), with their figures cross-checked, plus live market data, as of Thu, 22 Oct 2026 15:00:01 UTC.
The token burn reduces supply and aims to increase scarcity, potentially impacting token value as Grvt 2.0's launch approaches. It also signals the platform's commitment to its roadmap and improving its ecosystem.
- GRVT Foundation completed a 1.1M token buyback and burn.
- The burn represents nearly 1% of circulating supply.
- Four additional milestones remain before Grvt 2.0 launch.
- Market cap $2.8T; Bitcoin down 2.23% in 24 hours.
NewsBTC and BeInCrypto both report that GRVT completed its first token buyback and burn, removing 1.1 million tokens from circulation, representing nearly 1% of the total supply. Both outlets also agree that this event marks the first of five milestones leading up to the Grvt 2.0 launch at the end of November 2026. However, while both mention the Foundation's intention for monthly buybacks, specific details about the discretionary nature of future transactions are more prominently emphasized by NewsBTC.
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- GRVT Completes 1.1 Million Token Burn Ahead of Grvt 2.0 Launch
- GRVT Completes 1.1M Token Burn as Grvt 2.0 Launch Approaches — this brief
GRVT, a self-custodial trading platform built on its own zero-knowledge (ZK) chain, has completed its first token buyback and burn, removing 1.1 million GRVT tokens from circulation. This strategic move, confirmed by multiple outlets, represents nearly 1% of the token's circulating supply at the time of the transaction.
The buyback and burn event is part of a series of planned activities by the GRVT Foundation, with four additional milestones set to occur before the anticipated launch of Grvt 2.0 at the end of November 2026. These milestones are designed to enhance the platform's ecosystem and align with its long-term vision.
According to NewsBTC and BeInCrypto, the Foundation's token issuer intends to conduct further buybacks on a monthly basis. However, the amount and timing of these future transactions will be at the issuer's discretion, with no predetermined purchase amounts or schedules.
This development comes amid a broader market downturn, with the total crypto market cap at $2.8 trillion and 
Bitcoin experiencing a 2.23% decline in the past 24 hours. The Fear & Greed Index currently stands at 68, indicating a state of 'Greed' in the market.
The token burn is significant as it aims to reduce the circulating supply and potentially increase the value of GRVT tokens. Investors and stakeholders will be watching closely to see how these actions impact the token's price and the platform's overall performance as Grvt 2.0's launch approaches.
1 key figure independently matched across 2 outlets reporting this story.
Token Times extracts the figures each outlet reports and flags the ones that agree. Numbers cited by only one outlet are attributed in the brief, not shown as corroborated.
Figures and sectors in this story, checked live against on-chain aggregators · October 22, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
GRVT Completes 1.1M Token Burn as Grvt 2.0 Launch Approaches — questions & answers
What is the purpose of the GRVT token burn?
The token burn aims to reduce circulating supply and increase scarcity, potentially boosting token value.
How many more milestones are left before Grvt 2.0?
Four additional milestones remain before the Grvt 2.0 launch.
Will there be more token buybacks?
Yes, the Foundation plans monthly buybacks at the issuer's discretion.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from NewsBTC, BeInCrypto, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.