Mars Frontline | Coin An has completed the 8th BNB quarterly destruction, and BNB's market value ranking has risen to 6th

Disclaimer: This article aims to convey more market information and does not constitute any investment advice. The article only represents the author's viewpoint and does not represent the official stance of Mars Finance

Disclaimer: This article aims to convey more market information and does not constitute any investment advice. The article only represents the author's viewpoint and does not represent the official stance of Mars Finance.

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Mars Finance APP (WeChat: hxcj24h)According to frontline reports, according to the announcement by Coin An, Coin An has completed its eighth BNB quarterly destruction today, destroying 808888BNB (worth approximately $23838000) from the BNB share held by the team.

It is worth noting that the announcement also states that,Starting from this destruction, the Binance team will relinquish their BNB share (40% of the total BNB supply, i.e. 8000000 BNB) and add it to the BNB quarterly destruction plan until 100 million BNBs are destroyed.

Affected by this news, BNB quickly rose in a short period of time, increasing by 6.89% within 30 minutes, and its global market value ranking rose to 6th place. As of the release of the manuscript, BNB has quoted $31, a 24-hour increase of 0.56%.

according toMars Finance APP (WeChat: hxcj24h)It is understood that since 2017, Coin An has completed 7 BNB destruction operations:

In the previous quarter, BNB destroyed a total of $15600000, totaling 829888 BNBs. In the previous seven quarters, a total of 11654359 BNBs were destroyed. Coin An will continue to destroy a total of 100 million BNBs, with a current progress of 12.46%.

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