Coinbase-backed Router Protocol to shut down on September 30 with 303.3M ROUTE burn

Crypto Insight Summary: Router Protocol, an infrastructure firm focused on cross-chain solutions backed by Coinbase Ventures, will shut down all of its operations by September 30. Its team announced in a Friday post on X that they will burn the 303,333,198 ROUTE tokens from its treasury. ROUTE token holders found themselves hanging in the middle of the major... Crypto Insight Analysis: Direction: Bearish ROUTE Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Project shutdown and token burn will likely cause price pressure on ROUTE.