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
New York - Abu Dhabi, March 12, 2025 - Binance, the world's largest cryptocurrency exchange, and MGX, an artificial intelligence and advanced technology investor based in Abu Dhabi, announced a landmark $2 billion investment. This investment is the first institutional investment Binance has accepted to date, marking an important step for Binance in promoting the adoption of digital assets and strengthening the role of blockchain in global finance. This is not only the largest single investment in a crypto company but also the largest investment ever paid in cryptocurrency (stablecoin).