Binance has executed a substantial token burn of 1.64 million BNB tokens in the second quarter of 2024, valued at nearly $970 million. This event underscores Binance’s ongoing commitment to enhancing the scarcity and potential value of Binance Coin (BNB) through controlled supply reduction.
The quarterly burn, as reported by Bscscan, forms a crucial part of Binance’s deflationary strategy.·
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