The BNB Foundation announced that it has completed its 33rd BNB burn. According to the company's official statement, 1,441,281.413 BNB were permanently removed from circulation during this process. BNB Foundation Destroys $1.66 Billion Worth of BNB in Its 33rd Burn At the time of the burning, the market value of this amount was calculated as approximately $1.661 billion. With this latest transaction, the total supply of BNB has decreased to 137,738,379.26 units. The BNB Foundation aims to reduce the total supply to 100 million BNB in line with its long-term plan. Regular burns are implemented to control inflation within the BNB ecosystem and support the token's long-term value. The BNB burn mechanism is based on Binance’s “Auto-Burn” algorithm, which automatically burns a certain amount of tokens each quarter, taking into account both on-chain transaction volume and BNB’s price level. In recent years, BNB has evolved from being just the trading token of the Binance exchange to a core asset for smart contracts, DeFi projects, and NFT applications within the BNB Chain ecosystem. Experts state that the orderly reduction of supply will strengthen BNB's long-term price stability and increase investor confidence in the ecosystem. *This is not investment advice. Continue Reading: BNB Foundation Announces Completion of 33rd BNB Burn! Here's the Final BNB Burn Amount