The world’s leading exchange Binance has completed its 16th quarterly burn of BNB. This time, over 1,296,728 BNB were burned, carrying a total value of ~$393,673,653 only. In April, Binance burned less BNB, but its cumulative USD value was about $600M. However, unlike previous times, when the price increased in response, this time BNB remained unfazed, which is probably signalling the stagnating market conditions we’re currently facing.