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BNB Chain Burns $1.2 Billion in 33rd Quarterly Token Destruction

BNB Chain Burns $1.2 Billion in 33rd Quarterly Token Destruction

BNB Chain’s latest quarterly burn removed 1.44 million tokens worth $1.65 billion, reducing supply to 137.7 million and reinforcing long-term scarcity goals.

BNB

Summary

In an official announcement, BNB Chain confirmed its 33rd quarterly token burn, removing 1.44 million BNB worth about $1.65 billion from circulation. The burn reduces the total supply to 137.7 million, with a long-term target of 100 million tokens. According to CEO David Namdar of CEA Industries, the move underscores structural strength and long-term scarcity. Despite a brief price rise post-burn, BNB traded between $1,122 and $1,154 in the past 24 hours before settling at $1,137, facing resistance at $1,147. CoinDesk Research noted buyers at lower ranges but weak upside momentum.

Terms & Concepts
  • Token Burn: A process where cryptocurrency tokens are permanently removed from circulation, reducing overall supply.
  • BNB Chain: A blockchain network developed by Binance, supporting smart contracts, decentralized apps, and its native token BNB.
  • Auto-Burn: An automated mechanism used by BNB to periodically burn a set amount of tokens based on price and network activity metrics.