coinjournal.net
- $BNB Chain has completed a 1.37 million $BNB token burn.
- The 34th quarterly burn sees total supply diminish to 136.36 million.
- $BNB price hovered above $900 as the bulls look to target $1,000 next.
$BNB Foundation announced on January 15, 2026, that $BNB Chain has completed its first burn of the year, and the 34th quarterly burn overall.
The announcement came as $BNB price hovered above $900 with fresh gains pushing the token up by nearly 8% over the past week.
$BNB traded around $944 at the time of writing, just in the green on the day, as bulls targeted an upward continuation amid the latest $BNB token burn.
A rally to $1,000 will strengthen a bullish outlook.
$BNB Chain burns 1.37 million $BNB
The successful completion of the 34th quarterly $BNB token burn by $BNB Chain marks the first burn of 2026, according to details $BNB Foundation shared.
Burns of the token, currently the fifth largest cryptocurrency by market cap, continue the project’s longstanding deflationary strategy.
$BNB Chain managed to permanently remove a total of 1,371,803.77 $BNB from circulation.
The more than 1.37 million tokens account for $BNB in two components: 1,371,703.67 $BNB from the actual burn and 100.1 $BNB in a pioneer burn. At the time of the burn, the destroyed tokens were worth about $1.27 billion.
Binance’s token burn utilises an Auto-Burn mechanism, which automatically calculates the amount based on $BNB’s prevailing price and the number of blocks generated on $BNB Smart Chain during the quarter.
“The $BNB Auto-Burn provides an independently auditable, objective process. The figures are reported quarterly, and the mechanism is independent of the Binance centralized exchange,” the foundation wrote in a blog post.
Following the $BNB Chain Fusion, quarterly burns now occur directly on BSC, with tokens sent to an irreversible “black hole” address.
$BNB total supply falls to 136.36 million
$BNB burns aim to gradually decrease the token’s total supply to 100 million $BNB, with the latest cut leaving the total supply at roughly 136.36 million $BNB.
In the market, a reduction to a token’s circulating supply often means enhanced scarcity and support for long-term value growth.
With $BNB, regular burns towards 100 million tokens come amid rising network activity.
$BNB Chain has witnessed notable milestones with upgrades and web3 applications, particularly as real-world assets come on-chain.
The price of $BNB rose sharply in 2025 amid this growth, reaching an all-time high above $1,300.
Overall market sell-off, which also saw Bitcoin correct from a peak of $126,000, cascaded to $BNB and saw its price fall to under $800. Gains mean the main target in the short term is a retest of $1,000 and the ATH.