Binance Completes 23rd Quarterly Burn: Here’s How Much BNB Was Destroyed

#Ripple #XRP

The world’s largest cryptocurrency exchange announced the 23rd quarterly burn of its native token.

It was one of the largest in terms of USD value, with over $670 million worth of BNB destroyed.

• The announcement from Binance reads that the 23rd quarterly burn was completed, having removed from circulation just a little over 2 million tokens.
• It’s worth noting that roughly 656 BNB was destroyed through the Pioneer Burn Program, which allows users who have mistakenly sent some of their tokens to burn addresses to retrieve a portion of all of them.

The 23rd quarterly $BNB token burn has been completed through #BNB Auto-Burn.

Here’s everything you need to know about the second quarterly burn of 2023 as well as some insight into what lies ahead for the BNB ecosystem https://t.co/Oz5dFJ8kEE

— Binance (@binance) April 14, 2023

• In terms of USD value, the 23rd quarterly burn was worth approximately $670 million, making it one of the largest. BNB has been on a roll lately, along with most of the market, reclaiming $300 and surging past $330 in the past two days.
• For more information on Binance’s burn program, please refer to this article.

The post Binance Completes 23rd Quarterly Burn: Here’s How Much BNB Was Destroyed appeared first on CryptoPotato.

OhNoRipple via https://www.ohnocrypto.com/ @Jordan Lyanchev, @Khareem Sudlow