About the Burn Event:
Token burning involves sending a portion of the token supply to an inaccessible address, permanently removing it from circulation. This decreases available supply, which can lead to price increases if demand remains strong. In the case of BOB, a recent burn event appears to have contributed to a noticeable price surge.
(Source: binance.com)
Is the Token “Going to Zero
On the contrary, current data shows that the BOB token is experiencing significant price growth and increased activity. However, it’s important to note that BOB is classified as a meme coin—highly community-driven and influenced by social media hype—making it vulnerable to extreme volatility.