🔥Binance just burned 1.77 million BNB worth ~$1 billion as part of the 29th quarterly BNB Chain native coin burn.

Every quarter, Binance buys back and burns (sends to non-refundable addresses) 20% of its profits in BNB. This is done to ensure liquidity and will continue until 50% of the total supply is exhausted.

Eventually, only 100 million BNB will remain in existence.