In an official announcement, the BNB Foundation said it completed its 35th quarterly token burn, destroying 1.569 million BNB valued at about $1.02 billion. The burn was executed on BNB Smart Chain on April 16 and reduced the circulating supply to about 134.8 million BNB. The foundation reiterated that its long-term objective is to lower BNB’s total supply to 100 million.