Binance Burning 1.99 Million BNB Tokens Worth $619M, Price Recovery Ahead?

1 year ago 593

The world’s largest crypto exchange Binance to burn 1.99 million BNB tokens in the 24th quarterly burn mechanism, according to the BNB burn portal. Binance intends to bring BNB circulating supply under 100,000,000 through its BNB Auto-Burn procedure. BNB price is moving sideways near the $250 level for over a month amid Binance vs SEC lawsuit.

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Source: coingape.com

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