The Colossus Coin XT team announced earlier this week that the coin burn for the unclaimed COLX would be completed by the end of this week. Now that the weekend is coming to an end, we expect an official update to come from their team.
The team will be retaining 5% of of the unclaimed tokens for their development fund. We are eagerly anticipating the official announcement to tell us what quantity was actually burned, and how low that will drop the total supply.
![Bitcoin sv [bsv] miners have accumulated a gross loss of about $2. 2 million, says bitmex research](https://ohiobitcoin.com/wp-content/uploads/2019/04/D3_MU4XWkAM3jWW.png "Bitcoin sv [bsv] miners have accumulated a gross loss of about $2. 2 million, says bitmex research")
