{"id":40852,"date":"2021-04-16T11:45:23","date_gmt":"2021-04-16T08:45:23","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=40852"},"modified":"2025-08-30T16:04:43","modified_gmt":"2025-08-30T13:04:43","slug":"binance-conducts-bnb-token-burn-worth-nearly-600-million","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/binance-conducts-bnb-token-burn-worth-nearly-600-million\/","title":{"rendered":"Binance conducts BNB token burn worth nearly $600 million"},"content":{"rendered":"<p>The cryptocurrency exchange Binance conducted the fifteenth quarterly burn of Binance Coin (BNB). 1,099,888 BNB were removed from circulation ($595 million at the time of the operation).<\/p>\n<p><!--more--><\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\"><a href=\\\"https:\/\/twitter.com\/hashtag\/Binance?src=hash&#038;ref_src=twsrc%5Etfw\\\">#Binance<\/a> Completes 15th Quarterly <a href=\\\"https:\/\/twitter.com\/hashtag\/BNB?src=hash&#038;ref_src=twsrc%5Etfw\\\">#BNB<\/a> Burn<\/p>\n<p>\ud83d\udd25\ud83d\udd25 A record $595.3M USD has been burned! \ud83d\udd25\ud83d\udd25<\/p>\n<p>\u27a1\ufe0f <a href=\\\"https:\/\/t.co\/F4CCYGuzUM\\\">https:\/\/t.co\/F4CCYGuzUM<\/a> <a href=\\\"https:\/\/t.co\/wotIbKH0Nt\\\">pic.twitter.com\/wotIbKH0Nt<\/a><\/p>\n<p>\u2014 Binance (@binance) <a href=\\\"https:\/\/twitter.com\/binance\/status\/1382974713383780355?ref_src=twsrc%5Etfw\\\">April 16, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>The Block analyst Larry Cermak noted that the latest BNB burn \u201cdiffers from the previous ones\u201d.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">Binance&#8217;s Q1 burn stands out a bit over the previous ones <a href=\\\"https:\/\/t.co\/wXmmvGd2yy\\\">pic.twitter.com\/wXmmvGd2yy<\/a><\/p>\n<p>\u2014 Larry Cermak (@lawmaster) <a href=\\\"https:\/\/twitter.com\/lawmaster\/status\/1382973284204097536?ref_src=twsrc%5Etfw\\\">April 16, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\u201cImagine you are burning half a billion dollars. Wait, don\u2019t imagine that. It\u2019s real,\u201d \u2014 <a href=\\\"https:\/\/twitter.com\/cz_binance\/status\/1382975058390355971\\\" title=\\\"https:\/\/twitter.com\/cz_binance\/status\/1382975058390355971\\\" target=\\\"_blank\\\" rel=\\\"noreferrer noopener\\\">\u043d\u0430\u043f\u0438\u0441\u0430\u043b<\/a> CEO Binance Changpeng Zhao.<\/p>\n<\/blockquote>\n<p>On 12 April 2021 the price of the BNB token <a href=\"https:\/\/u1f987.com\/en\/news\/binance-coin-price-hits-a-new-high-of-600\">reached a new high<\/a> at $600, with a market capitalization of $92.25 billion. At the time of writing the coin was trading at around $518, according to CoinGecko.<\/p>\n<p>In January 2021, Binance burned 3,619,888 BNB, worth $165.8 million in fiat terms. <a href=\"https:\/\/u1f987.com\/en\/news\/binance-carried-out-the-largest-bnb-token-burn-in-fiat-terms\">Previous record<\/a> was set in October when the exchange burned 2,253,888 BNB.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency exchange Binance conducted the fifteenth quarterly burn of Binance Coin (BNB). 1,099,888 BNB were removed from circulation ($595 million at the time of the operation).<\/p>\n","protected":false},"author":1,"featured_media":40853,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[744,1307],"class_list":["post-40852","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-binance","tag-bnb-chain"],"aioseo_notices":[],"amp_enabled":true,"views":"12","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/40852","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=40852"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/40852\/revisions"}],"predecessor-version":[{"id":40854,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/40852\/revisions\/40854"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/40853"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=40852"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=40852"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=40852"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}