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 Withdrawn from circulation 1,099,888 BNB ($ 595 million at the time of the operation).
🔥🔥 A record $595.3M USD has been burned! 🔥🔥
— Binance (@binance) April 16, 2021
The Block analyst Larry Cermak noted that the latest BNB burn “is different from the previous ones.”
Binance’s Q1 burn stands out a bit over the previous ones pic.twitter.com/wXmmvGd2yy
— Larry Cermak (@lawmaster) April 16, 2021
— CZ 🔶 Binance (@cz_binance) April 16, 2021
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.