1.37 Million BNB Destroyed: Binance’s CZ Highlights Massive 34th Token Burn
Analysis
Price Impact
HighThe destruction of over 1.37 million bnb tokens, worth $1.27 billion, significantly reduces the circulating supply. this is a crucial deflationary mechanism designed to increase scarcity and long-term value of the asset.
Trustworthiness
HighThe news reports an official, verifiable event (bnb burn) confirmed by binance's founder cz and bnb chain itself via official social media channels. the figures are concrete and publicly available.
Price Direction
BullishDespite a minor short-term price dip noted after the burn, the consistent and substantial reduction in bnb's circulating supply through these quarterly burns creates significant scarcity. this deflationary pressure, coupled with ongoing demand for the binance ecosystem, is a strong fundamental driver positioning bnb for a potential long-term rally.
Time Effect
LongWhile immediate market reactions can vary, the quarterly token burn is a strategic, long-term deflationary measure. its effects on scarcity and value appreciation are realized over extended periods rather than immediately following each event.
Original Article:
Article Content:
Cover image via U.Today Read U.TODAY on Google News BNB supply now at 136,361,374.34 tokens BNB turns red Advertisement Binance’s CZ has stirred discussions across the crypto community today, following the successful completion of the 34th quarterly BNB burn on Thursday, January 15. The event, which saw over a million BNB tokens burned at once, has triggered a boastful reaction from Binance’s founder, Changpeng Zhao, who had humorously asked about the USD worth of the massive BNB burn to highlight the impressive weight of the move. BNB supply now at 136,361,374.34 tokens CZ’s statement came in response to an official X post that confirmed that BNB Chain has completed its 34th quarterly BNB token burn. HOT Stories Morning Crypto Report: Don't Ignore This 9.69% Golden Cross Setup for XRP, Binance Burns $1.29 Billion in BNB Like Nothing, "$1 Million Bitcoin" Advocate Mow Predicts Decade-Long Bull Run Ripple CEO Optimistic About Crypto Market Structure Bill Crypto Market Review: XRP Market Anomalies, Ethereum at $3,300 Inflection Point, Shiba Inu Trillion-Unit Potential Kashkari: Crypto Is ‘Basically Useless’ The event, which marks the first burn event of 2026, saw 1,371,803.77 BNB permanently removed from circulation. The massive stash of BNB destroyed today was worth over $1.27 billion per BNB’s price at the time the burn happened. Advertisement The BNB burn, which has continued to persist for every quarter of the year, is an intentional activity automated by the team behind the blockchain to consistently deflate the asset’s circulating supply, as an effort to fuel scarcity. You Might Also Like Sun, 12/21/2025 - 15:24 XRP vs BNB Unexpectedly Becomes Tightest Race Crypto Has Right Now By Gamza Khanzadaev During this event, massive amounts of BNB tokens were sent to the blockchain’s black hole address. This ensures that the tokens become irretrievable, permanently reducing total supply. Advertisement The BNB burn has continued since the past 34 quarters, and the last of it, which happened today, has seen the BNB supply now reduced to 136,361,374.34 BNB. BNB turns red Although the BNB price action is yet to positively react to the major burn activity, as it has flipped to the red territory today, the move has further stirred optimism among investors. With the move, the BNB supply continues to shrink, driving scarcity amid the growing demand for the asset. This positions its price for a potential rally, as it tends to further amplify its value. Source: Trading View Amid the declining price move, BNB has slumped mildly by 0.6% over the last day, trading at $939 as of writing time, according to data from CoinMarketCap. #BNB #BNB Price Prediction #Changpeng Zhao