Binance exchange burns $547 million worth of BNB tokens

In an announcement, Binance said that it had destroyed a total of 2,065,152 BNB tokens which is valued at just below $600 million. The exchange also mentioned that an added 4,833.25 BNB was burned through its Pioneer Burn Program.

The 21st quarterly BNB burn is one of the biggest amounts burned in BNB burn history in terms of its fiat value. Back in 2021, around $600 million in BNB was burned, marking the largest BNB burn record.