BNB Chain completed its 37th quarterly token burn on October 19, removing approximately 1.65 million BNB tokens valued at around $1.2 billion. This burn reduced the total BNB supply to about 131.5 million tokens. The burn amount exceeded the previous quarter's burn by over 30,000 BNB tokens. The token price was trading below its recent high of $750, at around $724 during the burn. The burn process is part of BNB Chain's ongoing effort to reduce supply towards a target of 100 million BNB, using an Auto-Burn formula based on token price and block production, alongside a separate fee-burning mechanism.
The BNB Chain's recent token burn is context for readers interested in crypto markets. For readers following major cryptocurrencies on Pluang as of Oct 19, 2026 18:21 WIB, 23 of 50 major cryptocurrencies rose while 25 fell. Among notable movers, ATOM gained 2.78% to Rp31.176 with a strong buy interest of 77%, contrasting with FTM and THETA which both dropped about 2%, priced at Rp11.382 and Rp3.369 respectively, with typical hold times ranging from 61 to 88 days.
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