The post BNB Burns 1,634,200 Tokens; What’s Next for Price? appeared on BitcoinEthereumNews.com.

Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. BNB Foundation has officially announced that BNB Chain has completed its 30th quarterly BNB token burn, with a total of 1,634,200 BNB destroyed. In an official blog post, BNB Chain gives a breakdown of this figure. The total of 1,634,200 BNB includes two components: the actual burn on-chain for this quarterly auto burn (which is auto burn – pioneer burn) was 1,524,200.95 BNB, while BNB burned in the pioneer burn was given as 110,000 BNB. The estimated value in USD for the burn at the time of completion was $1.16 billion. BNB Foundation has officially announced that BNB Chain has completed the 30th quarterly BNB token burn, with a total of 1,634,200.95 BNB destroyed, about 1.12 billion US dollars. The remaining amount to be burned: 42,465,780.15 BNB; the remaining total supply: 142,465,780.15 BNB.… — Wu Blockchain (@WuBlockchain) January 23, 2025 To facilitate the BNB Fusion, the BNB Beacon Chain validators left a total of 110,000 BNB of their self-staked BNB on the Beacon Chain, which is no longer recoverable. This amount can be considered burned, and validators are compensated under the Pioneer Burn Program. The remaining amount to be burned is currently 42,465,780.15 BNB, with the remaining total supply given as 142,465,780.15 BNB. Related BNB is the native coin of the BNB Chain ecosystem, which powers its…

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Filed under: News - @ January 24, 2025 1:18 am