Binance Sets Record Burn – Is BNB Poised For A Surge?
16h05 ▪
3
min read ▪ by
Binance Chain has just completed its 31st quarterly token burn operation, permanently removing 1.58 million BNB from circulation, equivalent to 914 million dollars. This strategy could well propel the price of the world’s fifth largest crypto in the coming weeks.
Binance Chain permanently burns $914 million worth of BNB tokens
This Wednesday, Binance Chain carried out a massive destruction of 1,579,207 BNB tokens, as confirmed by BscScan data.
This operation is part of Binance ecosystem’s long-term strategy aiming to gradually reduce the total supply of BNB…
