$BNB Binance burned almost 2 million BNB worth $1.17 billion
On April 24, 2024, Binance conducted its 27th quarterly BNB coin burn. A total of 1,944,453 BNB were removed from circulation, amounting to $1.17 billion. This was reported by Incrypted.
The announcement stated that the burn procedure was carried out as part of the Pioneer Burn program. Additionally, the company reminded that in 2017 a commitment was made to remove 100 million BNB from circulation (half of the total supply).
In total, they plan to keep 100 million coins. The team added that the burn occurs automatically on a quarterly basis and is calculated using the Auto-Burn formula.
Will it only appreciate?
