- BNB Chain completed a burn of 1.37 million BNB tokens.
- The 34th quarterly burn reduced the total supply to 136.36 million BNB.
- BNB price remained above $900 as bulls target $1,000 next.
BNB Foundation announced on January 15, 2026 that BNB Chain had completed its first burn of the year — the 34th quarterly burn overall.
The announcement came as BNB’s price climbed above $900, with fresh gains pushing the token nearly 8% over the past week.
BNB was trading around $944 at the time of writing, slightly positive for the day, as bullish traders looked for continued upside following the latest token burn.
A push to $1,000 would reinforce a bullish outlook.
BNB Chain burns 1.37 million BNB
The successful 34th quarterly BNB token burn by BNB Chain marks the project’s first burn of 2026, according to details shared by the BNB Foundation.
Token burns, for BNB — currently the fifth-largest cryptocurrency by market capitalization — continue the project’s long-standing deflationary policy.
BNB Chain permanently removed a total of 1,371,803.77 BNB from circulation.
The more than 1.37 million tokens consisted of two components: 1,371,703.67 BNB via the main burn and an additional 100.1 BNB from a pioneer burn. At the time of burning, the destroyed tokens were worth roughly $1.27 billion.
Binance’s token burn uses an Auto-Burn mechanism that automatically calculates the amount to burn based on BNB’s prevailing price and the number of blocks produced on BNB Smart Chain during the quarter.
“The BNB Auto-Burn provides an objective and independently auditable process. Figures are published quarterly, and the mechanism is independent of the centralized Binance platform,” the foundation wrote in a blog post.
After the on-chain merge, quarterly burns now occur directly on BSC, with tokens sent to an irreversible “black hole” address.
Total BNB supply falls to 136.36 million
BNB burns are aimed at gradually reducing the token’s total supply toward a target of 100 million BNB; the latest burn lowered the total supply to about 136.36 million BNB.
On the market, a reduction in a token’s circulating supply often increases scarcity and can support long-term price appreciation.
For BNB, regular burns toward the 100 million target are happening alongside growing on-chain activity.
BNB Chain has reached several milestones with protocol updates and web3 applications, including the onboarding of real-world assets to the chain.
BNB’s price saw strong gains in 2025 amid that growth, reaching an all-time high above $1,300.
Market-wide selling, which also saw Bitcoin correct from a peak near $126,000, extended to BNB and pushed its price below $800. Recent gains mean the primary short-term target is a retest of $1,000 and the previous all-time high.