A token burn is the final destruction of a certain quantity of coins or tokens. The project transfers them to a so-called burn address, for which no private key exists. The tokens remain visible on the blockchain for ever, but nobody can move, sell or spend them any more. In arithmetical terms they have therefore vanished from circulation, and the total supply of the cryptocurrency falls.
How large such an intervention can be is shown by the most recent case: on October 19, 2026, the BNB Chain destroyed 1,646,196 BNB in its 37th quarterly burn. The remaining total supply has stood at 131,512,085 tokens since then, and the value of the burned quantity at roughly $1.1 billion to $1.2 billion, depending on the price used for the calculation. That the price barely reacted is no contradiction. It is the normal case, and this article explains why.
Token burn: what happens technically when coins are burned
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