Binance Burns $1 Billion Amid Market Rising! Will Binance Coin (BNB) Rise Further?

Binance, the world's largest cryptocurrency exchange, has made a new announcement regarding the traditional burn of its native token, Binance Coin ($BNB). According to Binance's statement, 1,595,599.78 $BNB were burned in the 32nd burn today. The approximate market value of these BNBs is reported to be around $1.024 billion. After the burn, the total supply of $BNB reached 139,289,513.94. Binance made the following statement in its statement: $BNB Chain has completed its 32nd $BNB burn and the second quarterly burn of 2025. This burn is part of a commitment to remove 100 million $BNB (half of its total supply) from circulation through the burn when $BNB is released, ultimately leaving only 100 million $BNB in circulation. This commitment is automatically fulfilled every three months. The burn amount is adjusted based on the price of $BNB and the number of blocks produced on BSC during a quarter, providing transparency and predictability. As millions of $BNB are removed from circulation with each burn, this situation is expected to have a positive impact on the $BNB price and contribute to preventing increases in the $BNB price. $BNB continues to trade at $672.7 at the time of writing. *This is not investment advice.