TL;DR
- The Binance Smart Chain continues to operate as expected, and it just completed the 31st quarterly burn of BNB tokens.
- Although this one was the lowest in terms of BNB since October 2021, it still reaffirms the project’s goal to reduce the token’s supply to 100 million.
The 31st quarterly $BNB token burn has been completed directly on BNB Smart Chain (BSC).
1.57M BNB has been burned
View burn details
— BNB Chain (@BNBCHAIN) April 16, 2025
In U.S. dollars, this quarterly expenditure amounted to approximately $916 million during execution. After it has been completed, the total supply of BNB coins remaining is 139,311,899, with slightly over 41 million still due for burning.
Over the past five years, I’ve observed that the burning mechanism of BNB has undergone several transformations, but the most recent and current version is referred to as an ‘auto-burn.’ As explained by the development team, this auto-burn process offers a transparent, auditable methodology that is free from any subjective bias. The quarterly reported data generated from this process is independent of Binance’s centralized exchange, ensuring objectivity and credibility in the burning mechanism.
Burning BNB tokens can also be executed in smaller parts through real-time burning processes and the inaugural burn program, which were designed innovatively.
Mostly, it originates from the regular token burns. The most recent one, however, was the least significant since the conclusion of the bull market in October 2021, in terms of BNB tokens burned.
Ever since that point, the number of tokens burned has consistently stayed above 1.6 million, with instances where it exceeded 2 million.
Despite BNB’s price not responding to the decreased supply, one observer suggests that this behavior is expected because Binance and the BNB Chain are strategically focused on the long-term and aren’t seeking an immediate price surge.
A notable point was made about the total amount of burned BNB tokens up until now, which amounts to 56,674,318. Given today’s BNB price of approximately $577, this translates to a staggering sum of nearly $33 billion worth of coins that have been permanently taken out of circulation.
Experts at Elite Crypto predict that the asset’s price may reach a fresh record high, provided it stays within its current accumulation phase.
For several months, BNB has been building up strength within a robust buying area, roughly ranging from $500 to $630. This pattern resembles the period in 2022-2023 when it remained in a similar range before surging into a powerful upward trend.
Despite recent pullbacks its price remains structurally bullish as long as it holds within…
— Elite Crypto (@TheEliteCrypto) April 13, 2025
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2025-04-16 14:32