Binance Chain Burns $916M in BNB — What’s Next for the Token’s Price?

BNB sees renewed investor interest as Binance Chain executes its 31st token burn — but will the price follow suit?

Binance Chain has completed its 31st quarterly BNB token burn, permanently removing approximately 1.5 million BNB — valued at $916 million — from circulation. This deflationary move reinforces BNB Chain’s long-term objective of cutting total supply to 100 million tokens. As it stands, the circulating supply is about 140.89 million.

$916M in BNB Removed: What’s Behind the Burn

The latest burn, shared by Binance founder Changpeng Zhao on X, continues a carefully calculated strategy. More than 40.88 million BNB still remain to be eliminated in future burn events.

The burn operates through an automatic mechanism introduced in the BEP95 proposal, which factors in both market price and the number of blocks produced on the Binance Smart Chain each quarter. This ensures consistency and transparency in the reduction process.

Market Reaction: Calm Before the Rally?

Despite investor optimism surrounding the deflationary move, BNB’s price response has been relatively muted. The token recently reached $582.58, slightly above prior expectations, but remains down 1.10% on the day. Over the last seven days, BNB has risen by 5.82%, though it is still down 7.2% over the past month.

Investor interest appears to be growing regardless. BNB’s 24-hour trading volume has climbed by $1.39 billion, reflecting continued attention from market participants.

Is $600 the Next Target?

Technical indicators suggest a possible bullish trend ahead. BNB is aiming to hold support above its 50-day Exponential Moving Average (EMA). Meanwhile, the MACD is showing resilience despite bearish overtones.

If the token breaks above the descending trendline, analysts expect it to retest the $600 level — with the potential to push as high as $635 in the short term. With supply pressures easing and accumulation rising, BNB could be poised for a significant move upward.

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