When is the 22nd BNB Burning on Binance?

The well-known cryptocurrency exchange Binance remains relevant in the market because of its timely updates and global partnerships. In addition, the exchange's quarterly burning help to get media attention. The exchange dramatically reduced the number of BNB tokens in circulation after finishing its 21st quarterly burn.

Shiba Inu and LUNC are two cryptocurrency currencies that adhere to the burning method. The BNB burn procedure is likewise carried out on the Binance chain by transferring the tokens to a dead wallet. A wallet that is "dead" is one that no one can access. The purpose of the burn process is to increase scarcity and raise the price.

The 22nd BNB burn is when?

The 21st quarterly burn successfully burned 2.06 million BNB, according to information from the Binance statement. The burnt BNB is worth an estimated $548 million. Comparatively speaking, this is higher than the 1,955,413.52 BNB figures from the 20th quarterly burn.

The end of Q4 2022 is probably when Binance will burn its 22nd quarterly. It is not possible to calculate how much BNB will be burned at this time. The number of transactions that take place on the BNB chain will be the major determining factor.

The 22nd quarterly BNB burn, according to information from the BNBBurn website, will see Binance burn 2,059,544.55 BNB. In order to lower its total supply to 100,000,000 BNB, BNB uses an auto-burn mechanism.

Following the unveiling of the bun, BNB hasn't shown much momentum. At the moment, it is trading for $270. The coin's value has decreased by 60% from its all-time high of $690.