Coin Edition -
- Binance shared on X today that 2.14 million BNB tokens have been burned.
- This announcement could be what fueled BNB’s 24-hour price increase of 2.84%.
- BNB’s technicals also suggest that the utility token’s price could experience a boost in the next few days.
The largest cryptocurrency exchange, Binance, announced in an X post today that it has completed the twenty-fifth quarterly Binance Coin (BNB) burn. According to the post, about 2.14 million BNB have been burned. The burned tokens are worth approximately $453,506,792 and account for about 1.38% of the total supply.
#Binance completes the 25th Quarterly #BNB Burn!