BNB Chain has completed its 33rd quarterly token burn, destroying 1,441,281.413 BNB, valued at approximately $1.208 billion. This burn is part of the BNB Foundation's ongoing strategy to reduce the total supply of BNB to 100 million through its Auto-Burn mechanism. The current total supply stands at about 137,738,379.26 BNB. The burn process involves sending the tokens to a "black hole" address on the Binance Smart Chain (BSC), effectively removing them from circulation.
BNB Chain Executes 33rd Quarterly Burn, Eliminates 1.44 Million BNB
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
