- BNB Chain completes burn of 1.37 million BNB tokens
- 34th quarterly burn reduces total supply to 136.36 million
- BNB price sits above $900 as bulls eye the next target of $1,000
The BNB Foundation announced on January 15, 2026, that BNB Chain completed its first token burn of the year, marking the 34th quarterly burn in the project’s history.
The announcement came as BNB traded above $900, supported by renewed buying that pushed the token roughly 8% higher over the past week.
At the time of the report, BNB was trading near $944 and showing daily gains, with market optimism focused on continued upward momentum following the recent burn.
A push toward $1,000 would reinforce the bullish trend and signal further confidence among traders and investors.
BNB Chain Burns 1.37 Million BNB
The successful completion of the 34th quarterly BNB burn represents the first burn event for 2026, according to details shared by the BNB Foundation.
The burn continues the project’s long-standing deflationary strategy for the token, which is currently the fifth-largest cryptocurrency by market capitalization.
BNB Chain permanently removed a total of more than 1.37 million BNB from circulation in the latest burn.
The destroyed tokens comprised two components: 1,371,703.67 BNB from the standard burn and 100.1 BNB from a pioneer burn, with the combined value of tokens removed totaling roughly $1.27 billion.
Binance’s token burn uses an automatic burn mechanism that calculates the amount to destroy based on BNB’s current price and the number of blocks produced on BNB Smart Chain during the quarter.
“BNB Auto-Burn has a publicly verifiable and neutral process. Numbers are reported each quarter, and the mechanism is independent from the centralized Binance exchange,” the Foundation wrote in the blog post.
Following the BNB Chain fusion, quarterly burns occur directly on BSC, where tokens are sent to an irreversible “black hole” address and removed from circulation.
Total BNB Supply Falls to 136.36 Million
The burn program aims to gradually reduce the token’s total supply toward a target of 100 million BNB. The most recent reduction brings the total supply to approximately 136.36 million BNB.
In markets, a shrinking circulating supply typically implies increasing scarcity, which can support long-term value appreciation if demand remains steady or grows.
BNB’s scheduled burns occur alongside rising network activity, which has been driven by upgrades and expanding Web3 applications on the chain.
BNB Chain has experienced notable milestones in recent months, including network upgrades and onboarding of real-world assets onto the network, which have helped fuel ecosystem growth.
BNB’s price climbed sharply in 2025 amid this expansion, touching an all-time high above $1,300. Subsequent market-wide selling pressure that caused Bitcoin to retrace from a peak near $126,000 led to declines across the market, pulling BNB below $800.
Given current gains and the renewed bullish sentiment, the short-term focus for traders is testing $1,000 and potentially reclaiming the all-time high should momentum continue.