BNB Chain Completes 34th Token Burn, Incinerating BNB Worth Approximately 200 Billion Yen

On January 15th, the BNB Foundation officially announced the completion of the 34th quarterly token burn conducted by the BNB Chain. A total of 1,371,803.77 BNB were incinerated during this event, valued at approximately $1.277 billion (equivalent to 200 billion yen) at the time of the burn. The breakdown of the incinerated tokens includes 1,371,703.67 BNB from the actual burn and 100.1 BNB from the Pioneer Burn program. Following the burn, the total supply has decreased to 136,361,374.34 BNB. Since its mainnet launch on April 18, 2019, transitioning from Ethereum, BNB has implemented an auto-burn system to reduce its total supply...