BNB’s 37th quarterly burn removes 1.64M tokens – Move toward $800 needs…
Photo: AMBCrypto
BNB Chain completed another quarterly token burn, continuing its push to reduce BNB’s supply toward a long-term target of 100 million. The latest burn removed nearly $1.2 billion worth of tokens. Even so, BNB’s modest price recovery left sellers with the momentum advantage. How much BNB did the latest burn remove? According to BNB Chain, the 37th quarterly burn removed 1.64 million BNB worth approximately $1.197 billion. The burn took place directly on BNB Smart Chain (BSC), advancing the project’s long-term supply reduction plan. BNBburn estimated that the 38th quarterly burn would remove another 1,515,994 BNB, worth approximately $1.13 billion.
Source: AMBCrypto
