Binance Burns 1.59 Million BNB Tokens in 32nd Quarterly Burn Event – $700 Breakout Next?
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最新报道：Binance has completed its 32nd quarterly BNB token burn, permanently removing 1.59 million BNB (worth approximately $480 million at current prices) from circulation. The latest burn brings the total supply reduction to 48.5 million BNB since the program began in 2017. The exchange uses 20% of its quarterly profits to repurchase and burn BNB tokens, though this burn was calculated based on BNB Chain's auto-burn mechanism introduced in 2021. Market analysts suggest the reduced supply could support BNB's price, with some predicting a potential breakout above $700 if bullish momentum continues. BNB's price recently surpassed $600 amid broader crypto market recovery.
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