Crypto Blog
The world’s largest crypto exchange – Binance – has announced the burning of more than $450 million worth of BNB tokens as part of a planned BNB Auto-Burn procedure on October 16th.The latest quarterly burn also includes 314.69 BNB burned via the Pioneer Burn Program – which is a feature designed to assist customers who have lost access to their BNB tokens.BNB Auto-Burn aims to provide an independently auditable, objective process.
BNB has remained mostly unfazed by the development. Its price trajectory, on the other hand, closely followed the broader market.
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