Binance Completes Its 31st Quarterly BNB Burn, Removing 1.57 Million BNB from Circulation

The total value of the burned tokens stood at around $916 million. The tokens were sent to the 0x000…dEaD address, making them permanently unrecoverable.

Binance has confirmed its 31st quarterly BNB burn, which saw 1.57 million BNB tokens burned for a total value of around $916 million.

The tokens were sent to the 0x000…dEaD address, rendering them permanently unrecoverable. This burn follows Binance’s Auto-Burn model, as stipulated by BEP95.

The mechanism, which is used to adjust the amount of BNB burned each quarter, takes into account both BNB’s price and network activity.

The current burn pushes the total supply down further to just above 139 million BNB. According to Binance, the goal is to bring the supply closer to 100 million BNB, at which point the Auto-Burn system will stop.

The Binance token burn was announced on April 16, and following the news, BNB’s market price declined by 2.11% over the last 24 hours, reaching $578.04 before stabilizing near $583.84.

Despite the $916 million burn, price movement was limited. The token’s reaction was similar after previous burns, suggesting that supply cuts alone do not drive immediate market shifts.

Broader sentiment and macro trends likely influenced the outcome more than the Auto-Burn event itself.

The Auto-Burn system, governed by BEP95, remains active and continues to reduce supply based on price and block data. However, the latest result highlights that automated supply reduction does not directly translate into short-term price gains.

Community Reacts to Binance 31st Burn

Several users on X reacted to the BNB burn. Shahzad Quadri posted,

“It actually pains me sometimes to see BNB burns! I know it’s part of the deflationary process… but it still hurts brother CZ.”

Some asked why Binance did not redirect the funds toward development or marketing. Changpeng Zhao responded,

“It’s not up to me. It was in the whitepaper. A promise is a promise.”

Others echoed his point. A MEXC KOL wrote,

“Saw people wishing it wasn’t burnt. The only way is burning because if it is not burnt, the team won’t be keeping the promise on the whitepaper.”

The discussion highlighted the balance between Binance supply reduction goals and community expectations.

BEP95 Supports Real-Time Gas Fee Burn

In addition to the main BNB chain, a portion of transaction fees is permanently removed from supply through a real-time gas fee burn system.

According to Binance, over 259,000 BNB tokens have been burned through this mechanism since its launch. This method works separately from the main BNB chain but serves the same purpose: reducing BNB supply.

When asked about the current event, Zhao replied,

“I have no idea. There are a few different automated burn mechanisms. I learned about this burn on X.”

His reply pointed to the automated and ongoing structure of both the BNB gas fee burn and the broader Binance token burn systems.

Above all, these deflation systems remain part of the long-term plan stated in Binance’s original whitepaper. In addition, each step—whether a quarterly BNB burn or gas fee removal—contributes to reducing the total token supply.