Websea has destroyed 57 million WBS tokens, leading to a significant price increase of over 15% in a short period. The token burn involved locked contracts, team holdings, and reserves, effectively reducing the circulating supply and reinforcing key support and resistance levels. This strategic move follows an investment by Hony Capital and is part of Websea's broader plan to enhance long-term value. Analysts view the token destruction as a catalyst for renewed market confidence in WBS's growth potential, suggesting a positive outlook for the cryptocurrency.