GRVT dey trend for X for Nigeria, and the topic land number 11 for the country trend list wey trends24.in dey track. But the crypto story behind the trend no be only social-media noise: news reports say Grvt don burn 1.1 million GRVT tokens as e prepares for Grvt 2.0.
Grvt na self-custodial trading platform wey dem build on its own zero-knowledge chain, according to U.Today. The token issuer for the platform foundation complete first buyback, buy 1.1 million GRVT tokens for open market and burn dem permanently. U.Today report say the burn remove close to 1% of GRVT circulating supply at the time of purchase. Decrypt also report the same buyback and burn.
The buyback no be one-off promise. U.Today report say the token issuer plan to do more buybacks every month, but each one go dey at issuer discretion. No fixed amount and no guaranteed schedule. The buybacks dey go through independent execution partner, and purchased tokens dey move to designated burn address so dem no fit circulate again. Public buyback dashboard dey record tokens purchased and burned, percentage of circulating supply, cumulative burns and on-chain transaction hashes, the report add.
The burn na first of five milestones before Grvt 2.0, wey dem schedule for end of November 2026. Decrypt report say the platform want bring earning and trading into one self-custodial balance. Di plan include tokenized yield opportunities, real-world asset perpetuals and yield-bearing margin. Decrypt also cite survey of Grvt traders from earlier in 2026: six in ten respondents talk say at least quarter of their capital on the platform dey idle, and many move funds elsewhere to chase yields of 8% or more.
Hong, co-founder and CEO of Grvt, talk say the GRVT token na important part of the ecosystem wey the company dey build. Hong welcome the issuer buybacks as sign of long-term commitment to the ecosystem and community, and talk say Grvt dey expand products and markets.
For the X side, no specific post or claim from users dey available for this report. Wetin dey confirmed na say GRVT dey trend at number 11 for Nigeria, according to trends24.in. So this report no repeat any social-media claim about price, buyback or Grvt 2.0 as fact unless e come from the news reports.
