• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Binance Burns 1.5 Million BNB Worth Over $1 Billion

user avatar

by Giorgi Kostiuk

8 hours ago


Binance, the world's largest cryptocurrency exchange, has announced its 32nd burn of Binance Coin (BNB) tokens.

Details of the 32nd Token Burn

According to Binance's statement, 1,595,599.78 BNB were burned in the 32nd burn, with an approximate market value of around $1.024 billion. After the burn, the total supply of BNB reached 139,289,513.94.

Goals and Mechanism of Token Burn

The BNB token burn is part of Binance's commitment to remove 100 million BNB (half of its total supply) from circulation through regular burns. This burn process occurs every three months and is adjusted based on the price of BNB and the number of blocks produced on the Binance Smart Chain each quarter.

Impact on BNB Price

As millions of BNB are removed from circulation with each burn, a positive impact on the token's price is expected, helping to prevent significant price increases. At the time of writing, BNB was trading at $672.7.

In conclusion, the traditional BNB token burn continues to be an essential part of Binance's strategy to reduce the total supply of tokens and stabilize prices.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Thumzup Begins Adding Cryptocurrencies to its Portfolio

chest

Thumzup Media Corporation announces the addition of several cryptocurrencies, including Ethereum and Solana, to its portfolio.

user avatarGiorgi Kostiuk

Top 4 Cryptocurrencies to Invest In: Qubetics, Render, Theta, and Avalanche

chest

Explore the best cryptocurrencies for investment: Qubetics, Render, Theta, and Avalanche. Assess their potential and practical applications.

user avatarGiorgi Kostiuk

Bhutan Executes Sale of 213.5 BTC at Peak Prices

chest

The Royal Government of Bhutan sold 213.5 BTC at record highs, confirming its strategy for digital asset management.

user avatarGiorgi Kostiuk

Malta Faces EU Pressure Over Lax Crypto Licensing Practices

chest

EU review of crypto licensing in Malta reveals key deficiencies, potentially impacting regulation across Europe.

user avatarGiorgi Kostiuk

Ethereum Price Prediction for 2030 and Qubetics Success

chest

Overview of Ethereum's prospects and Qubetics' success, with ETH potentially rising to $20,000 by 2030.

user avatarGiorgi Kostiuk

Cryptocurrency Market: Bitcoin Surge and Altcoin Prospects

chest

Bitcoin reaches an all-time high of $113,788, creating optimistic expectations for altcoins like SUI and DOGE.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.