Binance has successfully completed its latest quarterly burn of BNB tokens, adding to the ongoing initiative to reduce the total supply of the cryptocurrency to 100 million. While the most recent burn was relatively small, it marked the 31st such event since the project’s inception and follows a consistent trend with past burn events. The process has been automated in recent years, providing an independent audit and objective control over the burn. The latest burn represents around $916.07 million in USD value based on the token’s price at the time of execution. 1.57 million BNB tokens were burned, bringing the total burnt to 56,674,318 since its inception. While the impact on BNB’s current price has been minimal, experts suggest this is a strategic approach as Binance and the BNB Chain focus on long-term market movements. An in-depth analysis by Elite Crypto highlights potential for further price increases, with BNB remaining within a strong accumulation zone between $500-$630. This accumulation could pave the way for a significant surge to a new all-time high.