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Binance
BNB Chain
Binance burns 1.59 million BNB tokens in 32nd quarterly burn event reducing supply to 139.28M as whales accumulate targeting $733 breakout.
Crypto Journalist
Anas Hassan
Crypto Journalist
Anas Hassan
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Anas is a crypto native journalist and SEO writer with over five years of writing experience covering blockchain, crypto, DeFi, and emerging tech.
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Last updated:
July 10, 2025
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Binance, through the BNB Foundation, has successfully completed the 32nd quarterly token burn event for the BNB cryptocurrency.
The burn operation took place precisely at 07:29:06 AM UTC on July 10, eliminating 1,595,599.78 BNB tokens from circulation, valued at approximately $1.07 million based on an average BNB price of $660.16.
Remarkably, despite the substantial volume of tokens burned, the transaction fee amounted to merely 0.0000021 BNB (equivalent to $0.001411).
BNB token Auto-Burn Algorithm Destroys $1.02B Quarterly: How It Works.
The quarterly BNB burn mechanism operates on a regular schedule, with the previous burn event occurring in April when tokens valued at over $1.02 billion were permanently removed from the supply.
The traditional manual burn process has been superseded by the BNB Auto-Burn system, which determines burn amounts based on BNB’s market price and the quantity of blocks generated during each quarter. This automated…
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