A coin burn is a process in which a certain number of crypto tokens are permanently removed from circulation, with the aim of reducing the total supply and, in theory, increasing the value of the remaining tokens.
In January 2025, several crypto projects are planning coin burns as part of their strategy. Here are some of them:
Shiba Inu (SHIB)
Shiba Inu, one of the leading meme coins, continues to attract attention with its active coin burn mechanism. This process aims to reduce the supply in circulation, which is expected to increase the value of SHIB in the future.
Bonk (BONK)
Bonk, a popular meme coin in the Solana ecosystem, has announced plans to burn 1 trillion tokens on December 25, 2024. This move is expected to trigger further growth by reducing the supply and increasing the scarcity of the BONK token.
However, it is important to note that while coin burns can reduce supply, other factors such as market demand, adoption, and investor sentiment also play a significant role in determining the price of a token.