Binance, the world's largest cryptocurrency exchange, has made a new announcement regarding the traditional burn of its native token, Binance Coin (BNB). According to Binance's statement, 1,595,599.78 BNB were burned in the 32nd burn today. The approximate market value of these BNBs is reported to be around $1.024 billion. After the burn, the total supply of BNB reached 139,289,513.94. Binance made the following statement in its statement: BNB Chain has completed its 32nd BNB burn and the second quarterly burn of 2025. This burn is part of a commitment to remove 100 million BNB (half of its total supply) from circulation through the burn when BNB is released, ultimately leaving only 100 million BNB in circulation. This commitment is automatically fulfilled every three months. The burn amount is adjusted based on the price of BNB and the number of blocks produced on BSC during a quarter, providing transparency and predictability. As millions of BNB are removed from circulation with each burn, this situation is expected to have a positive impact on the BNB price and contribute to preventing increases in the BNB price. BNB continues to trade at $672.7 at the time of writing. *This is not investment advice. Continue Reading: Binance Burns $1 Billion Amid Market Rising! Will Binance Coin (BNB) Rise Further?
