KCS · a fixed-supply exchange token whose burn has gone quiet — supply sits flat.
KCS is the exchange token of KuCoin on Ethereum — ~137.2M circulating of a fixed 142.2M supply with no mint function, so nothing is inflated into existence.
Sell pressure. No mint, no vesting, no unlock — nothing new reaches the market. About 5.0M KCS sits company-held outside the float, monitored but not moving.
Buy pressure. The buyback-and-burn is dormant — the last round was 20,240 KCS in Dec 2025 and no 2026 burn is on-chain, so nothing is being removed either.
Net. About 0.00% — supply is flat and roughly neutral over 90 days.
KCS has no mint function — supply is fixed and can only shrink through the buyback-and-burn, so nothing is inflated into existence.
KCS is an exchange token with no seed, team or investor vesting calendar — there is no scheduled unlock cliff reaching the market.
About 5.0M KCS is company-held outside the circulating float (total 142.2M vs 137.2M circulating), with no published release schedule and no observed outflow in the window — a tracked, monitored overhang. No public evidence of release in window — monitored.
No bankruptcy estate or court-ordered distribution applies to KCS.
The buyback-and-burn — 10% of profit used to buy KCS and send it to a black-hole address — has been dormant this window. The last confirmed round was 20,240 KCS in Dec 2025; no 2026 burn is published or on-chain, and total supply is unchanged, so it is carried at 0. Sporadic — last firing Dec 2025, no public schedule for next 90 days.
There is no separate transaction fee-burn on KCS — the only burn mechanism is the profit-funded buyback in Buy #1.
KuCoin's only market purchase of KCS is the buyback program in Buy #1 — there is no separate discretionary buy to book.
No new multi-year lock, escrow or staking cap was announced in the window — monitored.
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