Binance Completes 23rd Quarterly Burn: Here’s How Much BNB Was Destroyed

Just a little over two million BNB was destroyed in the latest quarterly burn. The world’s largest cryptocurrency exchange announced the 23rd quarterly burn of its native token.

It was one of the largest in terms of USD value, with over $670 million worth of BNB destroyed.

The announcement from Binance reads that the 23rd quarterly burn was completed, having removed from circulation just a little over 2 million tokens. It’s worth noting that roughly 656 BNB was destroyed through the Pioneer Burn Program, which allows users who have mistakenly sent some of their tokens to burn addresses to retrieve a portion of all of them.