The BNB Foundation has completed its 37th quarterly-burn, permanently removing 1.64 million BNB from circulation, with the burned tokens valued at approximately $1.2 billion.

The announcement was published by COINOTAG on October 19, 2026. In an update at 00:48 UTC, COINOTAG reported that the burn drew immediate attention across crypto trading communities, where it ranked among the most shared items within a day of the announcement.

A token burn permanently reduces circulating supply by sending tokens to an address from which they cannot be recovered. BNB's auto-burn follows a published formula: each quarter's burn amount is calculated from the number of blocks produced on BNB Chain and the price of BNB over that quarter. The Foundation introduced this mechanism with the 19th quarterly burn in 2021, replacing an earlier burn format that was tied to exchange trading volume.

The quarterly program dates back to 2017, when BNB — now the native token of BNB Chain — was created with a total supply of 200 million tokens, and its stated target is to reduce supply to 100 million. Alongside the quarterly schedule, BNB Chain also runs BEP-95, a real-time burn mechanism that removes a portion of the gas fees collected on the network.

Because each burn is announced publicly and can be measured against the 100 million token target, the quarterly announcements serve as recurring checkpoints for tracking the program's progress. The formula is applied every quarter, so the next auto-burn announcement is expected to follow the same cadence.

This content was first published on COINOTAG: BNB Foundation Burns 1.64 Million BNB Worth $1.2 Billion in 37th Quarterly Auto-Burn