Binance burned a total of 1,991,854.33 BNB tokens this quarter.
This is expected to boost the BNB trading price in the upcoming days.
Binance, the world’s largest crypto exchange, announced that it had completed its 24th quarterly burn. There is a massive amount of BNB tokens that are burned in this quarterly burn. This time, the exchange includes the Auto Burn as well as the Pioneer Burn program.
On July 19, the crypto exchange Binance completed its 24th and third quarterly BNB burn in 2023. A total of 1,991,854.33 BNB tokens burned in this quarter. The approximate value of the burn is around $484,160,000. According to the report, the Pioneer Burn program has burned 747 BNB tokens, and through the auto burn, 1,991,106.82 tokens removed.
Changpeng Zhao, the CEO of the crypto exchange Binance, has stated that the quarterly burn has completed, according to the public algorithm. Moreover, he mentioned that there will be some large on-chain transactions shortly. Moreover, this expected to boost the BNB trading price in the upcoming days.
At the time of writing, the trading price of BNB is around $241, with a decline of over 0.28% in the last 24 hours. The trading volume of the BNB has experienced an increase of around 0.35%, according to CoinMarketCap.