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Binance Burnt 33% Less BNB This Quarter, How Did it Impact BNB Price?

source-logo  coingape.com 19 July 2021 10:47, UTC

Binance the world’s largest crypto exchange by trading volume burnt another batch of its native token BNB under its 16th quarterly burn event. The crypto exchange burnt 1,296,728 BNB worth $393 million. The 16th quarterly burn event saw a decline of 33% in the value of the tokens being burnt from the last quarter.

coingape.com