Binance Executes Quarterly Token Burn, Removing Over $450 Million Worth Of BNB
On October 16th, Binance, the world's largest cryptocurrency exchange, carried out its 25th quarterly token burn, resulting in the removal of more than $450 million worth of Binance Coin (BNB). This strategic move is part of an ongoing effort to manage the total supply of BNB through the BNB Auto-Burn system.
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