Some project teams use the token burn hype to attract retail holders, but the reality is often much harsher. The issuance mechanism still exists, and the so-called scarcity is also difficult to maintain—even if only 1 token remains, if the project has no practical application, it is just as good as air. What's more heartbreaking is that many investors expect large capital inflows to unlock their positions, but they don't realize that this "death spiral" fantasy often first consumes their own principal. Similar tactics are common in the market: burn concepts are everywhere, but what can truly save your tokens is never these superficial tricks at the mechanism level, but the actual value of the project itself. Retail investors need to have a clearer judgment in this game.