BitMart burned approximately 1.46 million BMX platform coins on July 16.

According to the official announcement, BitMart burned 1,465,562.497 BMX (approximately $395,701 USD) on July 16. According to the "Repurchase Mechanism" in the BitMart whitepaper, 20% of BitMart's platform fee revenue in the second quarter of 2025 will be used for the monthly repurchase and burning of BMX. The BMX burning will continue until 500 million BMX have been burned to ensure a permanent reduction in the total amount. [Odaily Planet Daily News]