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The BNB Foundation has officially announced the completion of the 28th quarterly BNB token burn by BNB Chain. A total of 1,643,698.8 BNB tokens, valued at approximately $971 million, have been burned, representing 25% of the supply. The burn amount is adjusted based on BNB's price and the number of blocks generated on BSC during a quarter. This significant reduction in supply is expected to create a price squeeze, as a large percentage of the remaining supply is tightly held.
JUST IN: BNB CHAIN COMPLETES 28TH QUARTERLY BNB TOKEN BURN, BURNING A TOTAL OF 1,643,698.8 BNB VALUED AT ~$971M
The 28th quarterly $BNB token burn has been completed directly on BNB Smart Chain (BSC), with 1,643,699 #BNB has been burned.š„ š§ View burn details: https://t.co/gE4IEsQlg3 https://t.co/jTZqZqcjhH
š #Binance : The #BNB Foundation has officially announced the completion of the 28th quarterly BNB token burn by BNB Chain. Total BNB burned is 1,643,698.8 BNB, worth ~$971M. The burn amount is adjusted based on $BNB's price and the number of blocks generated on BSC during aā¦
