The post BNB Chain Completes $1.21 Billion Token Burn appeared on BitcoinEthereumNews.com. Key Points: BNB Foundation conducts token burn, reducing supply to 137.74 million. Token burn worth approximately $1.21 billion. Auto-Burn mechanism aims to decrease supply to 100 million. The BNB Foundation announced the completion of its 33rd quarterly token burn on October 27, effectively destroying approximately 1.44 million BNB, equating to about $1.21 billion. This reduction in supply enhances BNB’s deflationary properties, potentially boosting its market value and institutional interest. BNB Burns 1.44 Million Tokens to Stabilize Market The 33rd quarterly burn by the BNB Foundation removed over 1.44 million tokens, valued at $1.21 billion, from circulation. This process, part of the Auto-Burn mechanism, aims to reduce BNB’s total supply to 100 million from its current level of approximately 137.74 million. All removed tokens are sent to a “black hole” address. This burn significantly fortifies BNB’s deflationary framework, enhancing its scarcity and supporting higher market valuation. The reduction is expected to maintain investor confidence while potentially attracting more institutional participation. There are no immediate public reactions from industry leaders, though the burn continues to be a key component in maintaining BNB’s market influence. Institutional adoption remains stable, with no new statements from financial authorities or top influencers regarding this particular burn. BNB is currently priced at $1,156.07 with a market cap of $159.24 billion, constituting a 4.09% market dominance. Trading volume in the last 24 hours is $3.79 billion, a 67.95% change. The price rose by 2.77% in 24 hours and 18.75% over 30 days, according to CoinMarketCap. BNB Chain Completes 33rd Quarterly Token Burn – 1,441,281.413 BNB destroyed, valued at approximately $1.208 billion at the time of the burn. The remaining total supply is 137,738,379.26 BNB. All burned BNB sent to the verifiable black hole address. The Auto-Burn mechanism continues as planned until the 100 million BNB supply target is… The post BNB Chain Completes $1.21 Billion Token Burn appeared on BitcoinEthereumNews.com. Key Points: BNB Foundation conducts token burn, reducing supply to 137.74 million. Token burn worth approximately $1.21 billion. Auto-Burn mechanism aims to decrease supply to 100 million. The BNB Foundation announced the completion of its 33rd quarterly token burn on October 27, effectively destroying approximately 1.44 million BNB, equating to about $1.21 billion. This reduction in supply enhances BNB’s deflationary properties, potentially boosting its market value and institutional interest. BNB Burns 1.44 Million Tokens to Stabilize Market The 33rd quarterly burn by the BNB Foundation removed over 1.44 million tokens, valued at $1.21 billion, from circulation. This process, part of the Auto-Burn mechanism, aims to reduce BNB’s total supply to 100 million from its current level of approximately 137.74 million. All removed tokens are sent to a “black hole” address. This burn significantly fortifies BNB’s deflationary framework, enhancing its scarcity and supporting higher market valuation. The reduction is expected to maintain investor confidence while potentially attracting more institutional participation. There are no immediate public reactions from industry leaders, though the burn continues to be a key component in maintaining BNB’s market influence. Institutional adoption remains stable, with no new statements from financial authorities or top influencers regarding this particular burn. BNB is currently priced at $1,156.07 with a market cap of $159.24 billion, constituting a 4.09% market dominance. Trading volume in the last 24 hours is $3.79 billion, a 67.95% change. The price rose by 2.77% in 24 hours and 18.75% over 30 days, according to CoinMarketCap. BNB Chain Completes 33rd Quarterly Token Burn – 1,441,281.413 BNB destroyed, valued at approximately $1.208 billion at the time of the burn. The remaining total supply is 137,738,379.26 BNB. All burned BNB sent to the verifiable black hole address. The Auto-Burn mechanism continues as planned until the 100 million BNB supply target is…