Hi,
Some How this Burn Buzz word stuck in my mind and i didn't see practical results so far in any successful token.
For example, Shiba Inu is burning tokens aggressively and is it really helping them?
May be i am noob here and happy to hear from experts!
I believe this topic will be useful for someone too!
Token burn will take some token out of circulation. This has two effects on the community one is that investors consider it positive news and rush to buy the token so that they can make profits from the price impact. Another effect is that some token will stay out of circulation forever so the token holder will get a higher value when holding the same amount of token because the amount of token decreased from circulation but its marketcap doesn't. So the price needs to be adjusted accordingly which shoots the price up.