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Binance announced its 24th binance coin (<a href="https://crypto.news/price/bnb/" rel="noopener noreferrer nofollow">BNB</a>) burn while the asset consolidated in the red zone.&nbsp; 
More than 1.99 million tokens were burned, with a total value of over $484 million at the time of the transaction. The burnt assets have helped reduce BNB’s total supply by 1.27%. It currently stands at 153.85 million coins. 
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 <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Binance</a> completes the 24th Quarterly <a href="https://twitter.com/hashtag/BNB?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#BNB</a> Burn! 🔥 1.99m <a href="https://twitter.com/hashtag/BNB?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#BNB</a> has been burned 🔥 <a href="https://t.co/7BLGMTxeba" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/7BLGMTxeba</a>— Binance (@binance) <a href="https://twitter.com/binance/status/1681530635402215425?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 19, 2023</a> 
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Moreover, Binance has already burned around 46.81 million BNB, accounting for 25.45% of the total supply in circulation, since Oct. 18, 2017.&nbsp; 
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This burn has sent waves of bullish momentum, with Twitter users replying positively. 
Moreover, BNB has finally turned green after three days of downfalls. The asset is up by 0.4% in the past 24 hours and trading at $243 at the time of writing. The massive rise comes as binance coin’s 24-hour trading volume skyrockets by 22.44%, reaching almost $790 million. 
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 BNB price – July 19 | Source: Trading View 
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However, BNB’s market capitalization is down by 1%, at $37.4 billion with a total circulating supply of 153.85 million tokens. 
On July 12, the BNB Chain <a href="https://crypto.news/bnb-beacon-chain-prepares-to-upgrade-hard-fork-will-boost-bridge-security/" rel="noopener noreferrer nofollow">announced</a> the “ZhangHeng” upgrade scheduled for today, July 19, at block height 328,088,888. The advancement, implementing BEP-255, will enhance the chain’s security called “on-chain asset reconciliation.” 
 Read more: <a href="https://crypto.news/valkyries-spot-bitcoin-etf-proposal-is-now-on-secs-nasdaq-rulemaking-list/" rel="noopener noreferrer nofollow"> Valkyrie’s spot Bitcoin ETF proposal is now on SEC’s Nasdaq rulemaking list </a>

Binance burns $484m worth of BNB as market turns green

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