And is the supply decreasing together, or is it staying the same?

BOB: Cake-LP Token to Null address (0x000...dead)

Here is a simple explanation:

📌 What Does It Mean?

1. Tokens Sent to Null Address (0x000...dead)
This is an address that cannot be accessed by anyone, commonly used to *burn* tokens.

➡️ Meaning: The BOB-LP tokens have been removed from circulation (burned).

🔥 Purpose of Burning LP Tokens

1. Reducing Token Supply
By sending tokens to an unusable address (null), the total number of circulating tokens decreases.

2. Increasing Token Value
Smaller supply → price can increase if demand remains or grows.

3. Permanently Locking Liquidity
If LP Tokens are burned, their liquidity cannot be withdrawn. This is a sign of developer commitment to avoid rug pulls.

📊 What Happened in the Screenshot

* 24,813 LP token transactions sent to the null address.
* This could mean:

* The dev/project wants to prove that the LP is permanently locked.
* There is routine burn action as part of the tokenomics.

⚠️ Important Note

* If this is an LP token (for example CAKE-LP), it means the token pair (like BOB/BNB) has been locked and cannot be withdrawn.
* It is necessary to check the main contract & the official site to ensure if this is indeed an official and healthy step, or a manipulative trick (scams sometimes use burn to deceive investors).