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The Binance community saw the execution of the 34th quarterly token burn, which saw about 1.37 million BNB move out of circulation, stirring reactions across the crypto community. The event, which marks the first burn event of 2026, saw 1,371,803.77 BNB permanently removed from circulation. The massive stash of BNB destroyed today was worth over $1.27 billion per BNB’s price at the time the burn happened. The BNB burn, which has continued to persist for every quarter of the year, is an intentional activity automated by the team behind the blockchain to consistently deflate the asset’s circulating supply, as an effort to fuel scarcity.
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BNB supply now at 136,361,374.34 tokens. Although the BNB price action is yet to positively react to the major burn activity, as it has flipped to the red territory today, the move has further stirred optimism among investors. Amid the declining price move, BNB has slumped mildly by 0.6% over the last day, trading at $939 as of writing time, according to data from CoinMarketCap.
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Binance executed its 34th quarterly token burn, removing 1,371,803.77 BNB from circulating supply, a milestone marking the first burn event of 2026. The total burn was valued at over $1.27 billion based on the price at the time of execution. The circulating supply now stands at 136,361,374.34 BNB tokens, reflecting a continued deflationary approach. The BNB burn is an intentional, automated quarterly mechanism designed to shrink the asset’s circulating supply and foster scarcity within the ecosystem.
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This sustained burn program reinforces Binance’s broader strategy to manage token supply and investor sentiment. Following the burn, BNB price action has yet to trend positively, turning slightly red as it reacts to the event. The asset slipped about 0.6% over the last 24 hours and was trading near $939 at the time of writing, according to CoinMarketCap.
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