Binance burns $617 million worth of $BNB binance bnb binancenews bnbchain
the successful completion of another round of burning of its native token, BNB. According to data, a record 2.06 million BNBs were burned this time, equivalent to more than $600 million so far. In total, 44.1 million Binance Coins have been burned so far, representing 21.
83% of BNB's total supply of 202 million tokens.burning is happening quarterly, and by the end of the first one in 2023, according to the BNB Burn portal, 2.07 million BNB are scheduled to be burned. What is interesting is that the burning formula for the current quarter takes a price of $275.12 per BNB, which is even lower than the fourth quarter of 2022.
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