De-fi
BNB Foundation Completes 28th Quarterly Token Burn, Reducing Supply by 1.6M BNB Worth $971M – Crypto News
The BNB Foundation has officially announced the completion of the 28th quarterly BNB token burn by BNB Chain.
The BNB Foundation has officially announced the completion of the 28th quarterly BNB token burn by BNB Chain.
A total of 1,643,698.8 BNB tokens, valued at approximately $971 million, have been burned, representing 25% of the supply. The burn amount is adjusted based on BNB’s price and the number of blocks generated on BSC during a quarter.
This significant reduction in supply is expected to create a price squeeze, as a large percentage of the remaining supply is tightly held.
This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.
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