The world’s largest cryptocurrency exchange continues with its goal to reduce the overall BNB in circulation to 100 million.Binance’s statement informed that it has removed 2.064 million BNB from circulation, worth almost $620 million at today’s prices.
The 22nd burn became the largest in terms of BNB tokens since the record-setting 14th, which happened two years ago. 7,181 out of the 2.064 burned today came from the company’s Pioneer Burn Program. Introduced in 2020, the feature aims to aid people who have lost access to their BNB tokens once they submit requests through the customer service page and are approved by the exchange.
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