BNB Chain just finished its 32nd quarterly token burn, which meant that 1,595,599 BNB were permanently removed from circulation — a move worth over $1.02 billion at current prices. The burn, which was done straight on BNB Smart Chain, is part of the network’s plan to reduce the total BNB supply and strengthen its deflationary model.
This latest burn brings the total to over 60.7 million BNB destroyed, according to analytics from CryptoDiffer. That is about 30.35% of the whole supply that has been wiped out since Binance introduced the burn mechanism. At today’s prices, that cumulative reduction is worth over $14.2 billion.
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BNB burns are a regular thing, but this one is extra heavy. It is on par with the other major burns, like the 1.77 million BNB last October and the 1.63 million in January. Binance is still on track to gradually cut supply until there are only 100 million BNB in circulation, just like they planned.
On-chain data shows the tokens were destroyed using the platform’s Auto-Burn mechanism. It is different from manual burns or marketing-driven campaigns because it is part of the protocol and does not depend on Binance’s internal decisions.
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Even though BNB got a billion-dollar burn, the market did not really react much. Binance Coin is trading at about $671 right now, with not much change from yesterday. This calm is similar to what we have seen in recent burns, where price action does not always matter as much as the long-term story of supply dropping and the ecosystem growing.
Binance founder CZ reacted with a single post: “Deflationary BNB.” It is a point he has been making for years, though each new burn makes it a bigger deal.
Whether the market reacts right away or not, Binance Coin is slowly becoming more rare — and in crypto, scarcity tends to dictate the future.
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