Binance’s 19th quarterly burn saw 1,830,382 BNB tokens worth more than $740 million removed from circulation.
Changpeng Zhao, Binance's CEO, claims that this process aims to prove the deflationary nature of the asset. For BNB, the goal of coin-burning events is to gradually reduce its total supply until it reaches under 100 million tokens.
It is worth noting that the process often has a bullish effect on BNB’s USD valuation. Similar to many other cryptocurrencies, it is well in the green today, currently trading at around $420 (a 4.5% increase for the past 24 hours).
BNB holders, how much do you think BNB will cost when the supply gets down to 100M?
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