- BNB Chain has completed a 1.37 million BNB token burn.
- The 34th quarterly burn sees total supply diminish to 136.36 million.
- BNB price hovered above $900 as the bulls look to target $1,000 next.
BNB Foundation announced on January 15, 2026, that BNB Chain has completed its first burn of the year, and the 34th quarterly burn overall.
The announcement came as BNB price hovered above $900 with fresh gains pushing the token up by nearly 8% over the past week.
BNB traded around $944 at the time of writing, just in the green on the day, as bulls targeted an upward continuation amid the latest BNB token burn.
A rally to $1,000 will strengthen a bullish outlook.
BNB Chain burns 1.37 million BNB
The successful completion of the 34th quarterly BNB token burn by BNB Chain marks the first burn of 2026, according to details BNB Foundation shared.
Burns of the token, currently the fifth largest cryptocurrency by market cap, continue the project’s longstanding deflationary strategy.
BNB Chain managed to permanently remove a total of 1,371,803.77 BNB from circulation.
The more than 1.37 million tokens account for BNB in two components: 1,371,703.67 BNB from the actual burn and 100.1 BNB in a pioneer burn. At the time of the burn, the destroyed tokens were worth about $1.27 billion.
Binance’s token burn utilises an Auto-Burn mechanism, which automatically calculates the amount based on BNB’s prevailing price and the number of blocks generated on BNB Smart Chain during the quarter.
Following the BNB Chain Fusion, quarterly burns now occur directly on BSC, with tokens sent to an irreversible “black hole” address.
BNB total supply falls to 136.36 million
BNB burns aim to gradually decrease the token’s total supply to 100 million BNB, with the latest cut leaving the total supply at roughly 136.36 million BNB.
In the market, a reduction to a token’s circulating supply often means enhanced scarcity and support for long-term value growth.
With BNB, regular burns towards 100 million tokens come amid rising network activity.
BNB Chain has witnessed notable milestones with upgrades and web3 applications, particularly as real-world assets come on-chain.
The price of BNB rose sharply in 2025 amid this growth, reaching an all-time high above $1,300.
Overall market sell-off, which also saw Bitcoin correct from a peak of $126,000, cascaded to BNB and saw its price fall to under $800. Gains mean the main target in the short term is a retest of $1,000 and the ATH.
Source: https://coinjournal.net/news/bnb-chain-completes-34th-quarterly-burn-of-1-37-million-bnb/
