The BNB Foundation has just completed its 29th quarterly token burn, removing over 1.7 million BNB (valued at approximately $1.07 billion) from circulation—a substantial reduction.

Why burn BNB tokens?

BNB is designed as a deflationary token, meaning its supply gradually decreases over time to help support its value. To achieve this, periodic token burns are conducted to permanently reduce the circulating supply.

Following this recent burn, BNB’s current supply stands at 144,099,981.1 BNB. An additional 43,533,387.84 BNB will be burned in future cycles until the scheduled burns conclude.

Will this impact BNB's price?

Price movements depend largely on supply and demand dynamics. When the supply of an asset decreases and demand remains steady or increases, prices tend to rise. Given Binance’s position as the top crypto exchange, demand for BNB is likely to stay strong. With the ongoing reduction in supply and sustained demand, this could positively impact BNB's price over the long term. #29thBNBBurn #16thBTCWhitePaperAnniv #NovCryptoOutlook #CryptoPreUSElection