Binance Completes 27th BNB Burn Program
April 24, 2024
Cryptocurrency broker Binance has completed its 27th quarterly BNB Burn program, burning a total of 1,944,452.51 BNB tokens automatically, worth approximately $1.17 billion. This program is a quarterly event where Binance repurchases BNB tokens to liquidate them. The amount burned is based on the price of BNB and the activity level on the BNBChain, continuing until 100 million BNB tokens are burned.