Binance Did It's 14th Quarterly BNB Burn. It Is The Biggest Ever.

over 3 years ago (Edited)

Yesterday Binance burned 3.619.888 BNB tokens which was valued at aproximatelly 168.000.000$. With this burn, the total supply of BNB went from 174.152.713 to 170.532.825 BNB.

As you can see in the chart bellow the current burn is almost 2.5x bigger than the second biggest one in terms of USD.

The price of BNB has fallen since the burn when it was at 45.80$ to aproximatelly 41.80$ at the moment of writing this.

However, with the pretty aggressive burning that happens every quarter and with really awesome incentives to hodl BNB like the pretty new Launchpool feature where you can earn new coins by staking BNB, I think we can definitely see Binance's baby at 100$+ at some point this year. I am definitely pretty bullish about it.

Posted Using LeoFinance ^Beta

hive-167922 leofinance ctp neoxian archon palnet hive aeneas bnb

0.000

1 comments

@behiver 74

over 3 years ago

Great to see that and just more joy as I have bought some BNB and put it together with RUNE in a Liquidity Pool. Hopefully I can grow both of these assets as I consider them with great potential, Rune x8 at $8 and Binance x3 at $150 from the price I bought.

Posted Using LeoFinance ^Beta

0.000