Update
BNB Chain Reduces Supply with Quarterly Burn
Binance burned 1.6 million BNB worth about $1.2 billion, reducing the token's supply to just over 131 million as part of its ongoing plan to halve total supply. BNB Chain completed its 37th quarterly auto-burn, permanently removing 1,646,196.44 BNB valued at about $1.197 billion. The update raises questions about whether BNB’s price will react.