BNB Foundation Completes 34th Quarterly Burn, Elevating BNB Value to $1.277 Billion

BNB Foundation Continues to Drive Value Growth

Recently, the BNB Foundation officially announced that BNBChain has successfully completed the 34th quarterly burn of BNB tokens. This move aims to further reduce the token supply and increase the overall value of BNB.

Burn Details

The burn involved a total of 1,371,803.77 BNB, which was estimated to be worth approximately $1.277 billion at the time of burning. After the burn, the remaining total supply of BNB was adjusted to 136,361,374.34 BNB.

Market Impact Analysis

The quarterly burn mechanism of BNBChain is a crucial part of its long-term economic model. As the supply continues to decrease, the scarcity of BNB is further enhanced, which is a positive signal for investors.