BNB Chain Completes 32nd Quarterly Burn — Could This Fuel a Rally?
2025-07-10 14:37:28
Main Idea
The BNB Foundation completed its 32nd quarterly burn, removing 1.595 million BNB from circulation, worth approximately $1.024 billion, as part of its auto-burn program aimed at reducing the total supply to 100 million.
Key Points
1. The 32nd quarterly burn removed 1.595 million BNB from circulation, worth $1.024 billion at the time of completion.
2. The total BNB supply is now 139.2 million after the latest burn.
3. The auto-burn program, initiated in December 2021, aims to reduce BNB's total supply to 100 million by evaluating the number of blocks produced quarterly.
4. Nano Labs, a Hong Kong-based crypto infrastructure company, has purchased 74,315 BNB for $50 million and plans to acquire up to $1 billion worth of BNB as a strategic treasury reserve.
5. Future burns will be conducted directly on the BNB Smart Chain (BSC), retiring the previous mechanism tied to Binance's profits and trading volume.
Description
The BNB Foundation, a non-profit organisation supporting the development of the BNB Chain, has announced the completion of the 32nd quarterly burn of the Binance Coin (BNB). According to a blog post by the organization, the latest burn event removed 1.595 million BNB from the asset’s circulating supply. The total includes the actual tokens burned and some coins removed via the Pioneer Burn Program, which helps users recover their lost BNB. BNB Chain Completes 32nd Burn The burned coins were wort...
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