BNB Chain burned 1,646,196 BNB — nearly $1.2 billion at the time of the transaction. The remaining supply is now ~131.5 million coins.
This was the 37th quarterly burn. The mechanics are unchanged: Auto-Burn reduces issuance on a schedule, while BEP-95 burns some of the gas in every block. The ultimate goal is to leave 100 million BNB on the market.
Personally, I think burns of this size are no longer a one-off hype event, but part of a systematic effort to reduce supply. But the market often prices in events like these in advance.
What do you think: can a $1.2 billion burn still drive the price up, or has it become a routine procedure that big players simply ignore?
#BNB #BNBChain #Crypto
This was the 37th quarterly burn. The mechanics are unchanged: Auto-Burn reduces issuance on a schedule, while BEP-95 burns some of the gas in every block. The ultimate goal is to leave 100 million BNB on the market.
Personally, I think burns of this size are no longer a one-off hype event, but part of a systematic effort to reduce supply. But the market often prices in events like these in advance.
What do you think: can a $1.2 billion burn still drive the price up, or has it become a routine procedure that big players simply ignore?
#BNB #BNBChain #Crypto