😱🔥🔥1.6 million BNB worth nearly $1 billion were burned
The new burning of #BNB , #Binance 's own ecosystem token, has been completed. In the statement made by the BNB Foundation, it was stated that BNBs were transferred to the address known as the "black hole" in a way that they could not be transferred back.
BNB Foundation announced that 1,643,698 BNBs were burned within the range of token burn rates. While the burning expenditure, which has been continuing for years on a quarterly basis, was made for the 28th time, the total value of the burned tokens was approximately 971 million dollars.
BNB token, which moved from the Ethereum network to BNB Chain in 2019, will continue to be burned until the total supply drops to 100 million units. According to the price of BNB and the block cut produced on a quarterly basis in the BSC network, the burned tokens were sent to an address called a "black hole" in a non-returnable manner.
In BNB, where real-time burning is also implemented through gas, 234 thousand tokens have been burned since 2021.
On the previous burning date, April 24, 1.9 million BNB was burned. At the time the news was written, BNB was trading at approximately $595.
