In the 25th round of burning, 2,139,182 BNBs were removed from circulation. The total value of the burned BNBs was 453 million dollars.

Binance held the previous BNB burning round in July and according to the BNB price at that time, $ 484 million worth of tokens were removed from circulation.

The burning of BNB, which has a total supply of 200 million units, will continue until the supply drops to 100 million.

The token, which traded around $ 205 over the weekend, rose to $ 212 after the news of the burning. BNB hit the $700 mark during the 2021 bull season.

As it will be remembered, Binance launched the BNB burning mechanism in 2017, when it launched BNB. The BNB burn mechanism is calculated quarterly based on the trading volume on Binance and the price of BNB. The more trading volume and the higher the price of BNB, the more BNB is burned.

However, BNB Chain, which operates on a separate system, also burns a portion of BNB through gas fees using a special mechanism.

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