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BNB implements $1 billion token burn

BNB implements $1 billion token burn
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Written by
Written by
Johann Wilfred
Reviewed by
Reviewed by
Raghav Chopra
Aug. 3, 2025

Binance has just burned close to 1.6 million BNB tokens (1,595,599), valued at approximately $1 billion. The burn marks Binance’s 32nd quarterly burn event. 

BNB Smart Chain regularly burns its tokens to ensure a cap on the quantity of its native currency. The latest reduction in BNB supply brings the total tokens burned to over 60.7 million. 

BNB shares jumped 2.77% over a 24-hour period, according to CoinDesk. The token burns are part of a long-term strategy to eventually reduce BNB tokens to a circulating supply of 100 million. Token burns are regularly implemented by cryptocurrency blockchains such as Ethereum, Shiba Inu, and Ripple.

Alongside the burn, there are 30 teams working to create a BNB treasury reserve as per an X post by Changpeng Zhao.

BNB shares were trading at $690.22 at the time of reporting, up by 0.73%. 

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