Binance burns more than $1.17 billion in BNB tokens.

The volume of BNB destroyed was approximately 1.3% of the total supply of the asset. However, this time, the procedure did not include burning tokens as part of the Pioneer Burn program. The BNB token’s price failed to react to the news about the burning of tokens. The volume of BNB destroyed was approximately 1.38% of the total supply of the asset.

The offer is automatically executed every quarter and calculated using the auto-burn formula.