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26 July 2021

Binance Burns Almost $400 Million Worth of BNB

Binance Burns Almost $400 Million Worth of BNB


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Crypto exchange Binance has burnt a considerable amount of its native token BNB under its 16th quarterly burn event.

The previous quarterly burn was in April, whereby the exchange ignited BNB tokens worth over$600 million.

Although the volume of tokens being burnt was not much, the high price of the BNB token made the burn value tremendous.

The price of the native Binance token was trading at $540 during the15th quarterly BNB burn.

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