1.57 Million BNB Burned: What Does It Mean for Binance Coin?

Binance Chain just completed a significant milestone – its 31st quarterly burn of Binance Coin (BNB). A whopping 1,579,208 BNB was permanently removed from circulation, representing an estimated value of $916.07 million at the time of the burn. While this doesn’t immediately impact the price of BNB, it could contribute to a potential price rally down the line. 🧠 💰 Why? This deflationary action creates scarcity for Binance Coin. As long-time investors and new users flock to the platform, it will further fuel demand and price growth.