On October 16th, Binance, the world's largest cryptocurrency exchange, carried out its 25th quarterly token burn, resulting in the removal of more than $450 million worth of Binance Coin (BNB). This strategic move is part of an ongoing effort to manage the total supply of BNB through the BNB Auto-Burn system.
JasperBNB’s price failed to react to the exchange’s latest token burn.
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Based on the price of BNB and the number of blocks generated on BSC during the quarter, the BNB auto-burn mechanism automatically modifies the amount of BNB to be burned.
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