HTX · the only thing that can move this supply is the burn.

No new HTX can be created. We read the deployed token contract two ways on the chain this session — its published function list, and the raw compiled code behind it. It can transfer, approve and report balances, and that is the whole of it: no mint, no owner, no pause and no upgrade path is present in either. The full 999.99T supply was created in one transaction in Oct 2023 and the number has not moved since.

There is no unlock calendar to read. The supply was issued in full at launch and handed to seven allocation buckets with no cliff dates attached, so nothing is waiting to be released on a schedule. The unlock trackers we walked publish no dated release event for HTX — one carries no page for it at all.

No public evidence of release in window — monitored. Three things are watched. A 231.0T exchange-side wallet is where every quarterly burn tranche is paid from, so it is at least partly project money rather than depositor money; its only outflow in this window, 7.48T on Jul 15 2026, went to the burn and not to the market. A 20.0T wallet was funded in a single transfer in Feb 2024 and has not moved since. And a roughly 16.03T pledged liquidity position sits between the 117.79T the project calls burned-and-pledged and the 101.76T actually in the dead address. One structural point decides this row: subtracting the tradable count from the cap leaves exactly the dead-address balance, so no reserve here sits outside the count — staking rewards, live since Mar 2026, dilute holders' share without adding a single coin.

No bankruptcy estate, trustee schedule or court-ordered distribution touches HTX. The migration from the older exchange token completed long before this window and left no residual claim pool behind it.

Half of the exchange's quarterly revenue is spent on HTX and the result is sent to a dead address. It fired once inside this window: 7,474,935,439,560 HTX arrived at the black-hole address on Jul 15 2026, worth about $13.6M at the time. We read that address at both ends of the window — 94.28T when it opened, 101.76T now — rather than trusting the headline, and we read the supply figure too, which never moves because the contract has no burn function. The next firing is dated Oct 15 2026 and lands inside the forward window, so it is counted in full at ~7,953B. Note what is verified and what is not: the destruction is on-chain and provable, but the executor wallet was funded the same morning by two project wallets and passed the balance straight through, so the purchase itself is not visible as an open-market sweep.

There is no fee burn, and there cannot be one. HTX is a token issued on someone else's chain rather than the fuel of its own network, so no transaction anywhere spends it as a fee. The token contract also has no burn function at all, which is why the quarterly destruction has to be done by mailing coins to an address nobody holds the keys to — the headline supply number never falls, only the tradable count does.

Nothing accumulates. The only entity buying HTX is the quarterly programme in the row above, and it destroys what it buys the same day rather than building a position — the wallets that execute it hold nothing before or after. Two inbound transfers reached the exchange-side wallet in Jun 2026, but their origin is not identified and nothing marks them as open-market purchases, so they are not booked. Monitored.

No new lock took HTX off the market in this window. Staking opened in Mar 2026 and does lock coins into a contract, but unstaking is effectively immediate, so those coins stay tradable and the framework does not count them as removed. The older liquidity-pledge programme has not been added to since 2024, and the project's own cumulative figure grew this quarter by exactly the burn and nothing else.