Binance Burns $916M Worth of BNB Tokens: Price Reaction Expected?

Binance’s BNB Chain has executed its quarterly token burn program, eliminating 1.579 million BNB tokens valued at $916 million. This move aims to control the overall supply within the BNB ecosystem. Binance will continue with this burn strategy until the remaining supply reaches a target of 100 million tokens, leaving only 40.88 million tokens for future burns. Binance founder and former CEO Changpeng Zhao announced this on…