What’s a Coin Burn – and Why Should You Even Care?
Let’s break it down. A coin burn is basically when a crypto project intentionally destroys some of its tokens, removing them from circulation forever. Think of it like cutting up a portion of your pizza so no one — not even you — can ever eat it again.
But here’s the twist: in crypto, less pizza often means more value per slice.
So, Why Do Projects Burn Coins?
Make it scarce: Fewer tokens = potentially higher value.
Reward holders: It’s like giving long-term holders a little love.
Clean up tokenomics: Great way to reduce inflation.
Build hype: Burns often spark FOMO and attention.
Biggest Burn Ever?
The title goes to BNB, of course.
Back in Q1 2021, Binance burned over 2 million $BNB , worth around $600M at the time. The result? BNB exploded from under $50 to over $600 in the months that followed.
Coins That Went Boom After Burns:
#BNB – The OG burn king.
$SHIB – Community-led burns added fuel to the meme coin fire.
$LUNC – Even after chaos, burns brought back some trader interest.
💭 🤔 Final Thought
Coin burns might sound technical, but they’re one of the ways crypto projects try to balance supply and value. Next time you hear about a big burn coming, pay attention — it might just be the spark for the next pump.