#BTCBreaksATH The BNB Foundation completed the 32nd quarterly token burn.
$BNB 🔥🔥🔥🔥🔥
#ShariaEarn This Thursday, the BNB Foundation successfully completed the 32nd quarterly burn of BNB tokens carried out by BNB Chain. This is a key event that continues to drive the gradual reduction of the total supply of the native cryptocurrency of that network. Moreover, the burn constitutes a significant step in strengthening the ecosystem.
In this latest burn, a total of 1,595,599 BNB were removed from circulation, which includes an actual burn of 1,595,470 BNB and an additional 129 BNB burned through the Pioneer Burn program. The latter was designed to help users recover lost tokens due to honest mistakes.
The approximate value of the tokens burned at the time of the event was $1.024 billion. After this operation, the remaining total supply of BNB is 139,289,513 tokens. This brings it closer to the final target of 100 million tokens set by the auto-burn system implemented by the BNB Foundation.
For investors in this coin, the burn confirmed by the BNB Foundation becomes an enormously positive topic. This emphasizes scarcity and, therefore, the deflationary nature of the coin. The latter positively impacts the price in the long and medium term.