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Binance, one of the world's largest cryptocurrency exchanges, has completed its 24th quarterly BNB token burn. According to an official announcement made via Twitter, a staggering 1,991,854 BNB was permanently removed from circulation through the BNB Auto-Burn mechanism. https://twitter.com/binance/status/1681604828127019008 The quarterly token burn is a vital aspect of Binance's commitment to the tokenomics of its native cryptocurrency, Binance Coin (BNB). The exchange allocates a portion of its trading fee revenue to buy back BNB from the market, and these purchased tokens are subsequently destroyed, reducing the total supply of BNB in existence. Read Also: Binance Temporarily Suspends Market Order Functions Due to Technical Issues The latest token burn, involving nearly 2 mi...

Earlier today, a mysterious whale of position 74th among the largest BNB whales, named "Scarlet Witch," acquired 400 million Dogecoin worth $31,666,000 at the time of writing. https://twitter.com/WhaleStatsBSC/status/1535186663382691841 Asides from the Dogecoin that the whale bought, he went on getting 200 million MATIC, 10 million of Avalanche’s AVAX, 18 billion WIN, 2.8 billion TRX tokens, and a few others. Out of the tokens acquired by the whale, Dogecoin topped the list which gave the clue on the belief that the whale has in the DOGE token. Read Also: 20 million OP moved by the attacker Due To The Wrong Address Sent By Wintermute Dogecoin in the Top Purchased Tokens At the time of writing, the top whale’s recent whale was revealed, showing that the mass...

Tag: BNB

Binance Completes 24th Quarterly BNB Token Burn, Removing 1,991,854 BNB from Circulation

“Scarlet Witch”,74th Largest BNB Whales Bought 400million Dogecoin Worth Of $31,666,000 At The Time Of Writing.