Binance Successfully Burns Rp15.4 Trillion Worth of BNB, What is the Impact on Price and Market?

Jakarta, Pintu News – Binance has just completed the 31st BNB token burn as part of their long-term deflation commitment. In this latest event, approximately 1.57 million BNB, with an equivalent value of $916 million or around Rp15.4 trillion (exchange rate Rp16,820/USD), have been permanently removed from circulation. This move aims to reduce the total supply and strengthen the long-term value of the cryptocurrency Binance Coin .

BNB Token Burning Details

This BNB token burning process is carried out through the Auto-Burn mechanism, which is designed based on the BEP95 proposal. This system automatically adjusts the number of tokens burned based on the BNB market price and the number of blocks produced on the BNB Smart Chain (BSC) network every quarter.

After this burn, the total BNB supply is now just over 139 million tokens. Binance’s long-term target is to bring the BNB supply down to 100 million tokens, after which the auto-burn program will be halted.

According to Changpeng Zhao (CZ), co-founder of Binance, the burned tokens were sent to a special address with no possibility of recovery, namely burn address 0x000…dEaD. CZ announced this news simply on platform X (Twitter) with the tweet,“$916,000,000 BNB burned.”

Also Read: XRP Current State: Price Consolidation and Potential Breakout Amid Ripple and SEC Deal

Flat Market Response

While a burn of this magnitude is theoretically bullish – as it reduces supply and increases scarcity – the BNB price has actually decreased by around 2.11% in the last 24 hours, trading at around $578.04 .

This lackluster market reaction reflects similar sentiments to the previous quarter’s token burn. This suggests that despite the large burn, general market sentiment and investor fatigue play a larger role in determining short-term price direction than the deflationary mechanism alone.

Some community members even questioned whether such large resources should be used for other strategies, such as marketing efforts. In response to these comments, CZ emphasized that the burn mechanism was promised in Binance’s original whitepaper, and that commitment should be honored.

Token Deflation and its Implications for the BNB Ecosystem

BNB’s burning mechanism is not only carried out through quarterly Auto-Burn. BNB also implements a real-time burn model, where a portion of the gas cost from transactions on the BSC network is burned permanently. So far, more than 259,000 BNB have been written off through this method.

In addition, the BNB Pioneer Burn Program is used to replace users’ lost tokens due to technical errors or misdelivery. This program reinforces Binance’s commitment to supporting user adoption and maintaining network integrity.

With more than 98.6% of its private portfolio invested in BNB (February 2025 data), CZ shows high confidence in the long-term prospects of this ecosystem. BNB also has an important role in supporting the development of projects such as opBNB Layer 2 and BNB Greenfield, as well as expanding participation in network governance.

Conclusion

While BNB’s IDR15.4 trillion token burn is a significant achievement, the market reaction shows that in the cryptocurrency world, macroeconomic factors and market psychology are more dominant than a single deflationary mechanism. With Binance’s continued commitment to managing supply and expanding the BNB ecosystem, investors remain optimistic about the long-term prospects, even though short-term price movements may be volatile.

Also Read: XRP Price Outlook After Ripple and SEC Lawsuit Settlement

That’s the latest information about crypto news today. Get more information about crypto academy from beginner to expert level only at Pintu Academy and enrich your knowledge about the world of crypto and blockchain.

Follow us on Google News to get the latest information about crypto and blockchain technology. Enjoy an easy and secure crypto trading experience by downloading Pintu Crypto via Google Play Store or App Store now.

Experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro. Click Register Pintu if you don’t have an account or click Login Pintu if you are already registered.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• BeInCrypto. BNB Burn: Binance Eliminates $916 Million in Tokens in Latest Reduction. Accessed April 17, 2025.
• Featured Image: Generated by AI