A ~200k coin I'm in is about to burn over half its supply following a DAO vote. Doesn't matter about the details, but those tokens were previously going to be claimable by people and now they will be burned.In theory, if the market agreed it was worth 200k, should the price per token double when the supply halves? But this still requires people to physically buy it, doesn't happen by itself.what's the deal, what if they burn half the supply and price doesn't change? It would be illogical, but quite possible. Then we're saying "oh actually the market was wrong all this time and it was only worth 100k overall, we just didn't realise until today after they burned half the supply.
When tokens are burned the token lose value, are you a fucking retard??
