The BNB Foundation announced this October 27 the completion of its 33rd quarterly token burn, a scheduled event that destroyed approximately 1.44 million BNB. This burn, valued at $1.21 billion, was executed as part of the network’s “Auto-Burn” mechanism. The announcement confirms the continuation of the project’s deflationary strategy to reduce the asset’s total supply.
The impact of this burn is significant, as it reduces the circulating supply and reinforces BNB’s deflationary properties. The long-term goal of the Auto-Burn mechanism is to reduce the total supply of BNB to 100 million tokens, from the current 137.74 million. This programmed scarcity is expected to maintain investor confidence and boost the asset’s value. The market reacted positively, with the price of BNB rising to $1,156.07 (+2.77% in 24h) and a 67.95% increase in trading volume.
Following the burn, analysts and investors will be watching how this supply reduction influences BNB’s price performance in the medium term, which has already accumulated an 18.75% gain in the last 30 days. The transparency of the Auto-Burn system, implemented in 2022, remains a key factor for market sentiment and attracting institutional interest, consolidating BNB’s position in the ecosystem.
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