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SHIBARMY: The Simpsons LEAKED a new Price Target in FEBRUARY!!Token burning means removing coins from the overall supply of a cryptocurrency. This typically involves sending the coins or tokens to a wallet. "Burning" a cryptocurrency refers to the act of sending a token to an inaccessible address. Wallet addresses used for burning cryptocurrency are called "burner" or "eater" addresses. The act of burning effectively. �Burning� crypto means permanently removing a number of tokens from circulation. This is typically done by transferring the tokens in.