Let's talk about the BNB burn mechanism:
BNB was first launched in 2017, with an initial total supply of 200 million. The ultimate goal is to reduce the total supply to 100 million through burns.
Burns reduce the total supply of BNB, but its price is still determined by market supply and demand and the overall environment. A burn does not mean the price can only go up and never down.
$BNB 681.18(-2.3%)
#BNB
BNB was first launched in 2017, with an initial total supply of 200 million. The ultimate goal is to reduce the total supply to 100 million through burns.
Burns reduce the total supply of BNB, but its price is still determined by market supply and demand and the overall environment. A burn does not mean the price can only go up and never down.
$BNB 681.18(-2.3%)
#BNB