Waiting to burn more BNB
After some time has passed since the last burning process carried out by Binance, which was previously announced by “CZ” in a tweet on January 18, last year, $729 million worth of BNB was burned in the 18th burn.
Usually, this regularly scheduled event sees a large amount of Binance coin destroyed by one of the best cryptocurrency exchanges, Binance.
BNB is not the only currency that is being burned and its supply is reduced, there are also many cryptocurrencies that follow the same approach, such as Ethereum, Shiba Inu, and others…
When is the next BNB burning process? The next BNB burning, Burning 19, is supposed to take place at the end of the first quarter of 2022, i.e. in the current month, April 2022.
BNB burns are quarterly events that occur after each quarter, with April 2022 marking the end of the first quarter of 2022.
The next burn is likely to occur sometime between April 16-20.
As of now, there is no official date for the 19th BNB burning.
As we indicated at the beginning of the article, the 18th BNB burn occurred on January 17, 2022, and 1,684,387.11 BNB were destroyed in Binance's first spontaneous burn.
This was worth over $700 million.
By comparison, the 17th BNB burn destroyed 1.3 million BNB worth $639 million.
This reduced the total supply of BNB from 166,801,148.00 BNB to 165,116,760.89 BNB, according to CoinMarketCap.
By @natalia-irish
Thank You
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