🚨 UPDATE: $BNB Chain completes major burn 🔥
What is happening?
• 1.57M BNB burned
• 35th quarterly burn executed
• Total supply now ~134.79M $XRP
• Continues long-term deflation schedule
What this suggests:
• Supply reduction over time
• Deflationary pressure supporting price
• Ongoing commitment to tokenomics
Context:
• BNB uses auto-burn mechanism tied to network activity $SOL
• Goal: reduce supply to 100M BNB
📊 Market takeaway:
Bullish. Continuous burns tighten supply, reinforcing long-term value—especially if demand remains strong.