Binance burns $BNB
The 37th quarterly BNB burn took place. 1.64 million coins worth $1.2 billion were removed from the market.
There are now 131.5 million BNB in circulation — before today’s burn, there were 133.1 million.
Essentially, $BNB is perhaps the only coin with an effective burn mechanism designed to reduce the total supply to 100 million coins.
The 37th quarterly BNB burn took place. 1.64 million coins worth $1.2 billion were removed from the market.
There are now 131.5 million BNB in circulation — before today’s burn, there were 133.1 million.
Essentially, $BNB is perhaps the only coin with an effective burn mechanism designed to reduce the total supply to 100 million coins.