BNB Chain burns 1.646 million BNB valued at $1.197 billion as price trades near $725
BNB Chain completed its 37th quarterly Auto-Burn, removing 1,646,196.44 BNB from circulation. Reports valued the tokens at about $1.197 billion [1] [2].
The Auto-Burn formula factors in BNB’s price and the number of BNB Smart Chain blocks produced during the quarter. BNB Chain’s stated long-term goal is to reduce total supply to 100 million; it also burns a portion of gas fees through BEP-95 [3].
Crypto.news reported BNB trading near $725 after the burn and cited bearish indicators pointing to $700 support [4].
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Sources
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- 1BNB Chain Completes 37th BNB Burn, Removing 1.65M BNB From SupplyBlockonomi• Oct 19, 2026
- 2Binance Completes 37th BNB Chain Burn: This Is How Many Tokens Were BurnedU.Today• Oct 19, 2026
- 3BNB Chain burns 1.65M BNB worth about $1B in 37th quarterly auto-burnWu Blockchain• Oct 19, 2026
- 4BNB Chain burns $1.2 billion, but can BNB price reclaim $750?crypto.news• Oct 19, 2026
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