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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.