BNB Chain Conducts 28th BNB Burn Worth Nearly $1 Billion#

BNB Chain has continued its 28th token burn of BNB. This is the second-largest burn, just after the previous one. Despite this, the price of BNB has not seen much reaction.

On July 22, 2024, BNB Chain completed its 28th BNB burn, destroying nearly $971 million worth of tokens. Specifically, this time, 1,643,698 BNB were burned, with the token value hovering around $590 each. Compared to the previous burn, both the amount of BNB destroyed and the total value of this burn are lower.

This can be explained by the relative decrease in BNB price since the 27th burn on April 24. At that time, BNB was priced around $600 and continued to rise, reaching a new all-time high of $716 in early June.#BNBAnalysis