BNB Surges 5.7% to $850.78 All-Time High on Auto-Burn Strategy
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最新报道：BNB surged 5.7% to $850.78, nearing its all-time high, as Binance's auto-burn mechanism reduced supply by 2.14 million tokens in Q1 2024. The exchange's quarterly burn strategy, which adjusts based on BNB price and blockchain activity, has removed over 48 million BNB ($40.8 billion) since inception. Analysts attribute the rally to reduced selling pressure from the burn mechanism and growing utility in Binance Smart Chain applications. The token now ranks as the fourth-largest cryptocurrency by market cap at $130 billion.
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