Burning crypto - sounds spectacular🔥
causing fits of joy in the gullible public.
But it doesn't affect the price.
Remember BNB. Those who were on the bear market in 22-23 won't let me lie.
Binance burned it regularly, but the price stood still at 250-300$
Only when Bitcoin started to grow in the spring. BNB followed it.
It works like in traditional finance - buyback. This is when tokens are bought out.
And they don't burn free ones 🤭🔥 do you agree? 👍