CZ Announces Successful BNB Burn Worth Nearly $1 Billion

TL;DR Binance has completed its 31st quarterly BNB burn, permanently removing 1. 57 million tokens worth $916 million from circulation. This move is part of BNB Chain’s long-term deflationary strategy to reduce total supply to 100 million BNB. Despite the massive burn, BNB’s price dropped by 0. 37%, sparking mixed reactions from the crypto community. Binance has. . . source: https://crypto-economy.com/cz-announces-successful-bnb-burn-worth-nearly-1-billion/