Binance Burns Nearly $620 Million Worth of BNB Tokens in 24th Quarterly Burn

Binance has announced the completion of its 24th quarterly BNB burn. The burn is carried out automatically and it saw a total of 1.99 million BNB tokens taken out of circulation . With a total value of $619.4 million this burn marks another significant milestone for Binance and its utility token BNB.

Continuous Reduction in Circulating Supply

In the first quarter of this year Binance did its 23rd quarterly BNB burn which resulted in the eradication of 2.02 million BNB tokens. These tokens were burned at an average price of $268.46. The data from the BNBBurn platform reveals that when combined with the latest burn a total of 183.13 million BNB tokens which worths $44.61 million have been perpetually removed from circulation so far.

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