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Friday, January 27, 2023

Binance burns 1,099,888 BNB tokens Crypto Price Forecast Updated

Binance cryptocurrency exchange has carried out the fifteenth quarterly Binance Coin (BNB) token burn. Withdrawn from circulation 1,099,888 BNB ($ 595 million at the time of the operation).


The Block analyst Larry Cermak noted that the latest BNB burn “is different from the previous ones.”

“Imagine you are burning half a billion dollars. Wait, don’t imagine. It’s real, “wrote Binance CEO Changpeng Zhao.


On April 12, 2021, the price of the BNB token renewed its maximum at around $ 600, capitalization was $ 92.25 billion.At the time of writing, the coin is trading at $ 518, according to CoinGecko.

In January 2021, Binance burned 3,619,888 BNB, which in fiat equivalent amounted to $ 165.8 million. The previous record was set in October – the exchange withdrew 2,253,888 BNB from circulation.


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