BNB Chain Burns 1.6M BNB Tokens as Part of its 28th Quarterly Token Burn

The platform added that the approximate value of the tokens stood at around $971 million at the time of the burn.

The burn saw a total of 1,643,698.8 BNB tokens being removed from circulation, BNB Chain said in a Monday blog post.

The BNB Foundation has completed the 28th quarterly token burn on the BNB Chain, further reducing the total supply of BNB tokens.