$1.2 BILLION IN $BNB JUST DISAPPEARED FROM SUPPLY! đ„
BNB Chain has completed its 37th quarterly token burn, permanently removing 1,646,196 BNB, worth approximately $1.197 billion.
Here's what makes this interesting:
âą Total supply now stands at 131.51 million BNB.
âą Around 31.51 million BNB remain above the long-term 100 million target.
âą This burn removed 1.88% more tokens than July's quarterly burn.
But there's something many overlook.
BNB has two supply-reduction mechanisms: quarterly Auto-Burn and BEP-95, which burns a portion of network gas fees.
The quarterly burn isn't a $1.2 billion market buyback, and reduced supply alone doesn't guarantee a price increase.
The real question: Can growing BNB Chain adoption turn this shrinking supply into stronger demand?
BNB Chain has completed its 37th quarterly token burn, permanently removing 1,646,196 BNB, worth approximately $1.197 billion.
Here's what makes this interesting:
âą Total supply now stands at 131.51 million BNB.
âą Around 31.51 million BNB remain above the long-term 100 million target.
âą This burn removed 1.88% more tokens than July's quarterly burn.
But there's something many overlook.
BNB has two supply-reduction mechanisms: quarterly Auto-Burn and BEP-95, which burns a portion of network gas fees.
The quarterly burn isn't a $1.2 billion market buyback, and reduced supply alone doesn't guarantee a price increase.
The real question: Can growing BNB Chain adoption turn this shrinking supply into stronger demand?