When a project introduces a token burn plan, it usually aims to reduce supply, potentially driving the price up due to the concept of scarcity. The impact of a token burn largely depends on the overall tokenomics of the project and its community’s reaction. To evaluate the effect, look at the total circulating supply, the percentage of tokens being burned, and the frequency of the burns. If the burn is seen as an effort to address inflationary concerns or signal the project's commitment to long-term value, it may provide upward pressure on the price, especially if the market views it positively.