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

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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 Withdrawn from circulation 1,099,888 BNB ($ 595 million at the time of the operation).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.