Makes no sense to burn supply.
It’s the most stupid thing anyone can do.
Burning supply does increase the value of the remaining tokens, but ONLY in that instant when it gets burned. So let’s say someone burns 10% then everyone else’s bags increase by 11%.
But ALSO the value of the liquidity pool increases by 11% making more tokens available to new investors thus not making the supply more scarce but actually more available!
Burning tokens will only trigger some people to sell because their value increased, but it’s very stupid for the long run and cripples supply shock.
Daumen should OTC tokens to CEX’s not burn them.
$CROCS
Someone just sent me this
These are two photos of the $WIF chart
1st one is zoomed in on the first few days
2nd one is the whole chart zoomed out
The blue spot on the left and right are the same
Zoom out and you can see what $CROCS can do
It's behaving exactly in the same way, with the same pullbacks
But the supply lock advantage
Study this cult and you might enter the next 1B token early
@imperooterxbt Dude just ape some community tokens
They are cute (most of the time)
Have less risk of getting full rugged if you just go through solscan a bit
And the best, they don’t move up to 100m in a day and then back down to 1m mc the next
For example $fwog
Study it