In December 2021, the developers of <a href="https://www.cryptoknowmics.com/news/changpeng-zhao-says-binance-is-apolitical-offers-aid-amid-ukraine-crisis/">Binance</a> Smart Chain proposed an upgrade called BEP-95 that would be a deflationary mechanism burning off the BNB supply for each transaction.

Although Binance burns BNB on a quarterly basis, this mechanism is capped as burning a maximum of 100m BNB. The recent figures, as tweeted by WatcherGuru today, was that Binance burned $25 Million BNB tokens since they implemented the <a href="https://www.cryptoknowmics.com/news/binance-offers-a-real-time-token-burning-method-to-increase-the-value-of-bnb/">BEP-95</a> burning mechanism.

https://twitter.com/WatcherGuru/status/1498154418793033729

The burning mechanism for $BNB has been moving at a startling pace. $BNB holders are hoping Binance continues their burning mechanism as it will have a 'sustainable impact' on token price.

BNB Token Burns $25 Million Since BEP-95 Ignites

WatcherGuru tweeted today about Binance burning their $25 Million BNB tokens since the BEP-95 burning mechanism was implemented.

Priyanka is an active crypto enthusiast. Having graduated with a BA in Journalism and Mass Communication, she is a passionate content writer with a strong understanding of financial content. She has been writing on crypto and blockchain-related topics for the last three years and is an active trader.

BNB Token Burns $25 Million Since BEP-95 Ignites

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