Binance Removes $916M Worth of BNB in Largest Quarterly Token Burn

YEREVAN (CoinChapter.com) — Binance confirmed its 31st quarterly BNB burn on April 16, removing 1.57 million BNB from circulation. The total value of the burned tokens stood at around $916 million. The tokens were sent to the 0x000…dEaD address, making them permanently unrecoverable.

This BNB burn follows Binance’s Auto-Burn model under BEP95. The mechanism automatically adjusts the amount of BNB removed each quarter based on BNB’s price and network activity. The current burn pushed the total supply down to just above 139 million BNB.

Binance stated the goal is to bring the supply closer to 100 million BNB. Once that target is reached, the Auto-Burn system will stop.

BNB Price Drops 2.11% Despite Binance Token Burn

Following the Binance token burn, BNB’s market price declined by 2.11% over the last 24 hours, reaching $578.04 before stabilizing near $583.84.

Despite the $916 million BNB burn, price movement remained limited. The token’s reaction was similar after previous burns, suggesting that supply cuts alone do not drive immediate market shifts. Broader sentiment and macro trends likely influenced the outcome more than the Auto-Burn event itself.

The Auto-Burn system under BEP95 remains active. It continues to reduce supply based on price and block data. However, the latest result shows that automated supply reduction does not directly translate into short-term price gains.

Community Reacts to Binance 31st Burn

Several users on X reacted to the BNB burn. Shahzad Quadri posted,

“It actually pains me sometimes to see BNB burns! I know it’s part of the deflationary process… but it still hurts brother CZ.”

Some asked why Binance did not redirect the funds toward development or marketing. Changpeng Zhao responded,

“It’s not up to me. It was in the whitepaper. A promise is a promise.”

Others echoed his point. A MEXC KOL wrote,

“Saw people wishing it wasn’t burnt. The only way is burning because if it is not burnt, the team won’t be keeping the promise on the whitepaper.”

The discussion highlighted the balance between Binance supply reduction goals and community expectations.

BEP95 Supports Real-Time Gas Fee Burn

In addition to the Auto-Burn system, the BNB chain also runs a real-time gas fee burn. A portion of transaction fees is permanently removed from supply.

According to Binance, over 259,000 BNB tokens have been burned through this mechanism since its launch. This method works separately from the quarterly burns but serves the same purpose—BNB supply reduction.

When asked about the current event, Zhao replied,

“I have no idea. There are a few different automated burn mechanisms. I learned about this burn on X.”

His reply pointed to the automated and ongoing structure of both the BNB gas fee burn and the broader Binance token burn systems.

Above all, these deflation systems remain part of the long-term plan stated in Binance’s original whitepaper. In addition, each step—whether a quarterly BNB burn or gas fee removal—contributes to reducing the total token supply.