BNB Chain Burns $1.197B in BNB as 37th Auto-Burn Sparks Hope Amid Bull Divergence Signals

BNB Chain recently carried out its 37th quarterly BNB Auto-Burn, taking roughly 1.64 million BNB out of circulation permanently. The removed tokens had an estimated value of $1.197 billion, and the operation took place on BNB Smart Chain. Under the quarterly process, the amount destroyed is generally tied to BNB’s market value and block production on the network over that period, with the long-term target of lowering total supply to 100 million tokens. A separate mechanism, BEP-95, channels part of transaction gas fees into burns.