- BNB Chain has completed its 31st token burn, removing 1.57 million BNB worth around $916 million from circulation.
- Since 2017, over 60 million BNB have been permanently burned, representing more than $32.7 billion in value.
- BNB is consolidating between $500 and $630, and a breakout above $630 could signal a push toward a new all-time high.
BNB Chain has completed its 31st quarterly token burn, removing 1,579,207.72 BNB from circulation. Valued at approximately $916 million, this burn is one of the largest in the network’s history and reflects a continued commitment to its long-term deflationary strategy.
Since the token burn program began in 2017, over 60 million BNB have been permanently removed from the total supply. At current valuations, that represents more than $32.7 billion in value taken off the market, more than the combined market capitalization of Dropbox, GoPro, and Harley-Davidson, and greater than the GDP of over 100 countries.
With the total target set at 100 million BNB to be burned, only 39.3 million BNB remain before that goal is reached. Following this recent burn, the current circulating supply has dropped to approximately 139.3 million BNB.
The deflationary impact of these burns plays a significant role in shaping BNB’s market dynamics. As supply tightens and demand continues across the expanding BNB Chain ecosystem, long-term holders see this as a strong bullish signal.
BNB’s Technicals Hint at All-Time High Breakout
From a technical perspective, BNB has been consolidating in a key accumulation zone between $500 and $630. This range mirrors its 2022–2023 consolidation period, which preceded a strong price breakout. Despite recent market fluctuations, BNB remains structurally bullish as long as it holds within this zone. Price stability in this range typically indicates strong accumulation from investors anticipating a future rally.
If BNB manages to break above the $630 resistance, the market could witness another significant move toward a new all-time high. The combination of steady deflation, increasing scarcity, and bullish technical structure positions BNB for potential long-term growth.
The latest burn is more than a quarterly update, it’s a reminder of BNB’s maturing tokenomics and its growing value proposition. As circulation continues to decline and on-chain activity rises, the market may be gearing up for the next major phase in BNB’s price discovery.
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