BNB Executes $1.02B Quarterly Burn—What’s Next for the Token’s Price?
The post BNB Executes $1.02B Quarterly Burn—What’s Next for the Token’s Price? appeared on BitcoinEthereumNews.com. BNB has completed the 32nd quarterly BNB token burn, marking another significant milestone in the ongoing effort to reduce supply. The foundation is moving closer to its goal of cutting the original 200 million BNB supply in half as part of its deflationary model. The BNB Foundation has officially completed its 32nd quarterly token burn, continuing its mission to gradually reduce BNB’s total supply and support the token’s long-term value. In this latest round, a total of 1,595,599.78 BNB was permanently removed from circulation, an amount worth approximately $1.024 billion at the time of the burn. This figure includes two components: the main automated burn, which accounted for 1,595,470.69 BNB, and the Pioneer Burn, which contributed another 129.10 BNB. The Pioneer Burn refers to tokens that were mistakenly lost by users but later recovered and removed from circulation to maintain the integrity of the total supply. Now, the total remaining supply of BNB stands at 139,289,513.94 BNB. This has brought the network gradually closer to its long-term goal of cutting the original 200 million supply down to 100 million. The quarterly burn has become an important part of BNB’s tokenomics. It helps manage supply and reduce inflation. By consistently removing tokens from circulation, the model helps create scarcity, which can support the price over time, especially as demand for BNB grows. With BNB being used across a wide range of use cases, including trading fee discounts on Binance, gas fees on BNB Chain, and participation in DeFi and Web3 ecosystems, the burn continues to be seen as a major driver of the token’s long-term appeal. At the moment, BNB is showing modest momentum, with a 1.05% gain over the past week and a 0.03% increase in the past day, currently trading around $670. So, what’s next for BNB? Interestingly, analysts…
The post BNB Executes $1.02B Quarterly Burn—What’s Next for the Token’s Price? appeared on BitcoinEthereumNews.com.
BNB has completed the 32nd quarterly BNB token burn, marking another significant milestone in the ongoing effort to reduce supply. The foundation is moving closer to its goal of cutting the original 200 million BNB supply in half as part of its deflationary model. The BNB Foundation has officially completed its 32nd quarterly token burn, continuing its mission to gradually reduce BNB’s total supply and support the token’s long-term value. In this latest round, a total of 1,595,599.78 BNB was permanently removed from circulation, an amount worth approximately $1.024 billion at the time of the burn. This figure includes two components: the main automated burn, which accounted for 1,595,470.69 BNB, and the Pioneer Burn, which contributed another 129.10 BNB. The Pioneer Burn refers to tokens that were mistakenly lost by users but later recovered and removed from circulation to maintain the integrity of the total supply. Now, the total remaining supply of BNB stands at 139,289,513.94 BNB. This has brought the network gradually closer to its long-term goal of cutting the original 200 million supply down to 100 million. The quarterly burn has become an important part of BNB’s tokenomics. It helps manage supply and reduce inflation. By consistently removing tokens from circulation, the model helps create scarcity, which can support the price over time, especially as demand for BNB grows. With BNB being used across a wide range of use cases, including trading fee discounts on Binance, gas fees on BNB Chain, and participation in DeFi and Web3 ecosystems, the burn continues to be seen as a major driver of the token’s long-term appeal. At the moment, BNB is showing modest momentum, with a 1.05% gain over the past week and a 0.03% increase in the past day, currently trading around $670. So, what’s next for BNB? Interestingly, analysts…
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