Binance Cryptocurrency Exchange conducted the seventh procedure for burning BNB tokens.
This time, the exchange burned 829,888 BNBs, which roughly corresponds to $ 15.6 million. The table below shows that compared to last time, the volume of withdrawn tokens decreased twice:
BNB Token Burn Table
The amount of BNB burned this quarter is about half the amount burned last quarter. But considering BNB has more than tripled in value during these past 3 months, the USD equivalent is significantly higher than last quarter.
Binance representatives also noted that as the price increases, BNBs will decrease and the volume of regularly burned tokens.