Ethereum Prices Might Go Under $2,000 In The Near Future.
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Binance Completes 16th Quarterly BNB Burn Of Over $390 Mln.
2021-07-19 | Big Bob
Binance has pledged to burn 20% of the exchange’s profits quarterly, with the newest burn suggesting the exchange might have profited by $2 Bln within the second quarter of this year.
The latest burn is among the second-largest in Binance Coin's history by fiat value, with a whopping $600 Mln worth BNB having been destroyed earlier in March.
Despite the size of the burn, the event appears to have very little impact on the BNB markets, with BNB prices trending sideways over the weekend.
At the reporting time, BNB is presently trading at a price of around $280.89 USD. It's presently down 61% from its 10th May all-time high of $686 USD but remains up a powerful 700% since the starting of this year.
