Binance Destroys 1.6M BNB Worth $932M in 36th Quarterly Auto-Burn

BNB0.56%

According to BNB Chain, Binance completed its 36th quarterly BNB burn, removing 1,615,827.795 BNB worth $931.7 million. The tokens were sent to the BNB Chain dead address through the network's Auto-Burn mechanism, continuing the exchange's long-running plan to reduce total BNB supply over time.

The burn represents one of the largest scheduled supply reductions for BNB to date. On-chain records on BscScan provide verification of the token movement to the burn address.

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