$BNB Foundation announced the burning of BNB worth $1.16 billion
The BNB Smart Chain team has completed its quarterly burn.
1.63 million BNB worth $1.16 billion has been removed from circulation.
The reduction of the asset's circulating supply aims to increase its value and maintain its deflationary nature. For example, in the course of the 29th quarterly burn, 1.77 million BNB were sent to "zero."
In the first quarter of 2025, the expected number of coins to be removed from circulation is 1.55 million, according to the BNBBurn portal. The volume of the asset being burned may decrease from quarter to quarter depending on its value.
The coin has hardly reacted to the news. On the weekly chart, BNB shows a drop of 4%. At the time of preparing this material, the asset is trading at $686.44
