$DYDX burned 24.06 million Tokens, but the price hasn't really changed. Now the project party playing this burn trap can't fool the smart suckers anymore.

Let me explain how this works. For example, a certain altcoin has a total supply of 1 billion coins, with 100 million coins circulating in the market, and the project party holds 900 million coins. It would be good if this altcoin can eventually cash out 500 million coins, which means at least half of the tokens cannot be cashed out because the market liquidity cannot support full circulation for altcoins. Selling everything at once would crash the price to zero; it can only be sold slowly to maximize cash-out returns. Ultimately, a project can cash out at most half of its tokens over its lifecycle.
Once you understand this basic logic, let's talk about this destruction trick. Altcoin projects usually announce the destruction of XX amount of altcoins, but in reality, they are just destroying their own pile of coins that they can't cash out. It doesn't really affect the market; it's just playing with words. After all, they can't cash out all of it anyway. They put on a show by creating a black hole address to send the coins into and then claim to destroy the tokens. The project's economic model suggests that the deflation will lead to price increases 📈. Suckers see this as good news and start buying to provide liquidity for the project party to unload their coins.
I advise all major altcoin project parties not to engage in these word games. Those who are still playing in this market are not fools. If you want to destroy, then you should honestly take out real money to buy back on the secondary market and then destroy it. Otherwise, don't just take off your pants to fart; it's unnecessary.