As the bull market approaches, Binance is about to announce the number of BNB destroyed in the new quarter, which has attracted widespread attention from the market. As Binance's platform token, BNB's destruction mechanism has always been an important factor in driving its value growth. Each destruction will reduce the circulation of BNB and increase its scarcity, which may drive up prices. At present, the circulation of BNB is 146 million, and the market is looking forward to the next destruction of BNB and its impact on prices.

According to Binance's historical destruction records, we can see the positive impact of its destruction mechanism on BNB prices. For example, in October 2023, Binance completed the 25th quarterly BNB destruction, destroying a total of 2,139,182 BNBs, worth approximately US$453 million.

This regular destruction behavior not only reduces the supply of BNB, but also enhances the market's confidence in the long-term value of BNB.

In addition, Binance's destruction mechanism also reflects its long-term commitment to the value of BNB. Binance plans to eliminate more than 100 million BNB, half of the total supply, through a series of token destruction, with the ultimate goal of keeping only 100 million BNB in ​​circulation. This long-term deflationary strategy, coupled with the continued expansion of the Binance ecosystem, provides a solid foundation for BNB's price increase. However, although the destruction mechanism provides value support for BNB, the high volatility of the cryptocurrency market means that risks also exist. When considering investing in BNB, investors should fully understand market dynamics, do a good job of risk management, and pay attention to Binance's destruction announcements for the latest market information. With the start of the bull market, BNB's price is expected to continue to rise, but investors should also remain cautious and pay close attention to market changes.