BNB Foundation Burns $1.2 Billion in Tokens: Reaches New All-Time High

Binance’s native token, BNB, just hit a new record high of over $4,500 after the 33rd quarterly burn event. The total value of tokens removed from circulation amounted to $1.2 billion USD, according to official reports. This move is part of BNB Chain’s Auto-Burn system designed to reduce supply and incentivize adoption within the ecosystem. Experts believe the increase in DeFi and institutional interest have fueled this surge.