The main purposes of burning of coin/token is to make sure that its current market price is stable and sustainable. In this way as well it can create a good pumping event of that certain token/coin that is being burned.
This kind of coin burning is very necessary for coins that have a lot of inventory, because by reducing the existing supply, it is hoped that the coin will not experience inflation and can stabilize the value of a coin, and this is also usually used as a powerful marketing strategy to pump up the value of coins that are sold. burned.