This operation with BNB is really ruthless, directly burning 1.63 million BNB, which is approximately 1.16 billion USD at current prices!
These coins are permanently delisted and will never circulate again.
What's quite funny is that 110,000 of them were recovered from user mistakes.
Started this service in 2020, even the coins you accidentally sent to the wrong place are returned to you and then burned; the team is really determined to reduce the circulation.
It's clear that they want to make BNB scarcer, and the price will naturally go up.
It seems that the popularity of meme coins on the BNB chain has also been quite high recently, plus the entire crypto market is warming up, feeling like a big market movement is brewing. $BNB
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.