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Binance BNB Burn: Boon or Scam?
Binance BNB Burn: Boon or Scam?On July 12, Binance announced the completion of its eighth quarterly BNB burn, destroying 808,888 BNB, worth $23,838,000. However, unlike previous burns, this time, the burned BNB was not from market buyback, but directly deducted from Binance team's holdings