Binance Burns 2.02 Million BNB: 23rd Quarterly Burn Complete

Binance, the biggest cryptocurrency exchange in the world, has announced the successful completion of its 23rd quarterly BNB token burn, destroying 2.02M BNB. This significant event reduces the circulating supply of BNB, potentially impacting its value.

Binance Completes Massive BNB Burn

On Friday, April 14th, Binance revealed that it had executed its 23rd quarterly BNB burn. Via this initiative, the exchange wiped out 2.02 million BNB tokens from its supply. This 23rd quarterly BNB token burn included tokens burned through both the Auto-Burn process and the exchange's Pioneer Burn Program. The burn totaled 2.02 million BNB, according to the exchange.

2.02 Million BNB Burned: A Detailed Look

The world’s largest crypto exchange Binance burned 2,020,132.25 BNB tokens in the 23rd quarterly BNB token burn mechanism, the exchange said on Tuesday. It was one of the largest in terms of USD value, with over $670 million. Chalking out the Binance completed its 23rd quarterly burn, removing $674 million from circulation and giving a boost to its price.

Understanding BNB Burns and Their Impact

The world’s largest cryptocurrency exchange announced the 23rd quarterly burn of its native token. These burns are a key part of BNB's tokenomics. BSC is burning BNB coin in real-time as per BEP95. It's important to note that the quarterly burn is replaced with BNB Auto-Burn.

Stay Updated on BNB Burns

Keep up-to-date with the latest information on BNB burns. Tracking the value, schedule, and history of BNB burn is available on BNBBurn.info.