BNB Completes 30th Quarterly Burn: Over 1.63 Million BNB Destroyed Worth $1.16 Billion

The BNB Foundation has announced the completion of its 30th quarterly BNB token burn, marking another significant milestone in its commitment to maintaining token scarcity and promoting the ecosystem’s long-term health.Key Details of the BurnTotal BNB Burned: 1,634,200.95 BNBValue at Time of Burn: Approximately $1.16 billionAutomatic Burn: 1,524,200.95 BNBPioneer Burn (Anti-Black Hole Plan): 110,000 BNBThe quarterly burn incorporates two mechanisms:Automatic Burn: Adjusted dynamically based on BNB price and the total number of blocks generated on the BNB Chain.Anti-Black Hole Plan (Pioneer Burn): Used to address cases where unrecoverable BNB enters inaccessible wallets.Anti-Black Hole Plan DetailsThis burn includes 110,000 BNB tied to the BNB Beacon Chain, where pledged tokens left by validators were permanently removed from circulation due to the chain’s suspension. These tokens, considered to have entered a "black hole," are now destroyed. Validators affected by this transition will be compensated through the anti-black hole plan.