Have you heard of the word "burning" in the cryptocurrency world? For example, let's burn $700,000 worth of $PEPE.
In the cryptocurrency world, "burning" tokens means permanently removing a certain amount of cryptocurrency from circulation, usually by sending them to an address that no one can access. Sometimes, tokens are accidentally "burned" because they are sent to the wrong or non-existent address.
Unlike physical cash, once this happens, there is no way to retrieve these tokens, they will be lost forever.
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