BNB Chain Burns $1.197B in BNB as 37th Auto-Burn Sparks Hope Amid Bull Divergence Signals
Photo: ZyCrypto
BNB Chain recently completed its 37th quarterly BNB Auto-Burn, permanently removing about 1.64 million BNB coins, worth an estimated $1.197 billion, from circulation. Why is this burn rate significant? It marks another step in the network’s long-term supply-reduction strategy, with BNB back in the spotlight thanks to improving ecosystem activity and bullish technical signals. According to BNB Chain, the burn was executed directly on BNB Smart Chain (BSC). More notably, the auto-burn mechanism usually calculates how much BNB to remove based on the token’s market price and the number of blocks produced on the network during the quarter.
Source: ZyCrypto
