Binance has moved 1,646,196 BNB into an address that no one can spend from. At current prices, those tokens are worth about $1.197 billion, and they’re out of circulation for good.
It was the 37th quarterly BNB burn, and it took place directly on BNB Smart Chain (BSC). The number comes from official data. Because burns are recorded on chain, anyone can verify it.
Slightly up on the previous quarter
The last several burns have landed in a similar range. The 35th burn took out 1,569,307 BNB, and the 36th removed 1,615,827 BNB. Going back further, the 33rd destroyed 1,441,281 BNB and the 34th destroyed 1,371,803 BNB.
That puts the 37th a little above the recent batch. Burn sizes fell at the 34th and have crept upward since then.
It’s too early to call it a trend. Compared with the 36th burn, this one is bigger by 30,369 BNB.
Early burns were much bigger
The figures were very different a few years ago. The 11th burn took 3,373,988 BNB out of supply, and the 14th removed 3,619,888 BNB. The very first burn was 986,000 BNB, which is smaller than any burn in the recent stretch.
The amounts have swung widely over time, but the quarterly timing has stayed the same.
Remaining supply and the end point
Total BNB supply now stands at 131,512,500 following this burn. Every burn since the first has pushed supply lower, and the goal is to continue until half of the original supply has been destroyed.
Tokens that are burned leave the total supply permanently. When fewer tokens exist, each one left is a bigger slice of the total. That’s why BNB holders pay attention to the figure every quarter.
The amount comes from a formula
Nobody chooses the burn size manually. The auto-burn system calculates it using two inputs: the price of BNB and how many blocks BNB Chain produced over the quarter. A change in price or network activity changes the output, so each burn ends up with a different number.
This makes the process simple to check. The formula is public, the tokens go to a burn address on chain, and anyone can run the numbers on their own.
A smaller supply doesn’t decide the price
Many investors see the burn schedule as a long-term plan for reducing supply. A lower circulating supply can help the price over time, though only if demand holds steady or increases.
There’s no promise that a burn will lift the price. BNB can go up or down for many reasons unrelated to how many tokens were destroyed in a given quarter.
The 37th burn does show the project is still reducing supply on schedule, this time by more than $1 billion worth of tokens. The next burn is expected next quarter, and holders will be watching to see if the amount goes up again.