It depends on the burn method and token implementation:

• Classic 0xdead burn - Any holder can burn their own tokens this way. It's just a standard ERC-20 transfer to the 0xdead address.
• Native burn() method - Also, almost always any holder can do it unless custom blockage was injected inside the burn method

The 20lab tool detects if burn method is available for your specific token and only allows native burn if it exists.

To burn Base tokens with 20lab:

1. Connect the wallet holding the tokens you want to burn
2. Enter the token's contract address
3. Choose your burn method:
   • Native burn() (recommended if available) - Properly reduces total supply
   • Classic 0xdead burn - Sends to inaccessible address, works for any ERC-20 token
4. Enter the amount to burn
5. Confirm the transaction

The tool automatically detects which methods are available for your token. The action is irreversible and is recorded on the block explorer. Double-check the amount before confirming - there is no recovery for burned tokens.

Burning reduces supply, which can support price - but it's not automatic:

• Burns work best when paired with sustained demand - reducing supply with no buyers does little
• Large announced burns sometimes cause short-term price spikes from speculation
• Continuous fee-based burns create gradual long-term deflationary pressure that may compound over time
• Burning tokens already in the team treasury (vs. buying from market and burning) has weaker market impact - the supply was already inactive

Burns are most effective as part of a broader tokenomics strategy with utility, demand drivers, and clear communication. Burning alone rarely moves price meaningfully without those.