Close Menu
FintechFetch
    FintechFetch
    • Home
    • Fintech
    • Financial Technology
    • Credit Cards
    • Finance
    • Stock Market
    • More
      • Business Startups
      • Blockchain
      • Bitcoin News
      • Cryptocurrency
    FintechFetch
    Home»Cryptocurrency»Analyzing the Impact of BNB’s Latest Token Burn on Market Trends
    Cryptocurrency

    Analyzing the Impact of BNB’s Latest Token Burn on Market Trends

    FintechFetchBy FintechFetchApril 16, 2025No Comments3 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    TL;DR

    • The Binance Smart Chain continues to operate as expected, and it just completed the 31st quarterly burn of BNB tokens.
    • Although this one was the lowest in terms of BNB since October 2021, it still reaffirms the project’s goal to reduce the token’s supply to 100 million.

    The 31st quarterly $BNB token burn has been completed directly on BNB Smart Chain (BSC).

    1.57M BNB has been burned

    View burn details https://t.co/u6HT0dLyFe pic.twitter.com/7jWUC9DgC0

    — BNB Chain (@BNBCHAIN) April 16, 2025

    In USD terms, this quarterly burn equaled $916.07 million at prices when executed. Upon its completion, the remaining total supply of BNB stands at 139,311,899 tokens, with just under 41 million left to be burned.

    During its half-decade-long existence, BNB’s burning mechanism has faced a few changes, but the latest and current iteration comes in the form of an ‘auto-burn.’ According to the team, it “provides an independently auditable, objective process” and the figures, reported quartely, are “independent from the Binance centralized exchange.”

    BNB burns are also completed in smaller fractions using the real-time burn procedure and the pioneer burn program.

    The majority, though, comes from the quarterly burns. The latest one was actually the smallest in terms of BNB tokens to be completed since the end of the bull market in October 2021.

    Since then, the token burns have never been below 1.6 million, and they have even surpassed 2 million on several occasions.

    Although BNB’s price failed to react to the reduced supply, one commentator believes this is normal as Binance and the BNB Chain are playing the long game and are not looking for a quick pump.

    Another highlighted the total number of burned BNB tokens to this day, which is 56,674,318. At today’s prices of $577 per BNB, this equals almost $33 billion in coins removed from circulation for good.

    Elite Crypto weighed in on the asset’s future price movements, indicating that it could surge to a new all-time high as long as it remains within the current accumulation zone.

    $BNB has been consolidating within a strong accumulation zone between $500–$630 for a few months, similar to the range it held back in 2022–2023 before breaking out into a strong uptrend

    Despite recent pullbacks its price remains structurally bullish as long as it holds within… pic.twitter.com/uPEuj6xFw0

    — Elite Crypto (@TheEliteCrypto) April 13, 2025

    SPECIAL OFFER (Sponsored)

    Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

    LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleThe S&P 500’s 12% off its highs. Is now a good time to buy US shares for an ISA?
    Next Article EigenLayer Liquidity Restaking Protocols Lose Over $1 Billion in TVL Ahead of Key Update
    FintechFetch
    • Website

    Related Posts

    Cryptocurrency

    Bitcoin Price Warnings Emerge, Stablecoins Score Regulatory Win: Binance Weekly Report

    June 22, 2025
    Cryptocurrency

    Crypto-Native Asset Managers Grow From $1 Billion to Over $4 Billion in Onchain Capital

    June 22, 2025
    Cryptocurrency

    Max Keiser Predicts $800K BTC from ‘Bond Apocalypse,’ Markets Eye $93K

    June 22, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    How a Business With $20M Annual Revenue Pulls Off a Rebrand

    March 27, 2025

    Tariffs are a tax and the impact is broader than high prices

    March 11, 2025

    Inside Web Summit Qatar 2025: A Congregation of the Biggest Names in Tech

    March 2, 2025

    Whales Buy $495K in Two Days

    June 15, 2025

    Trump’s $57M Score, Bybit’s DEX Drop, a TikToker’s Terrifying Night

    June 16, 2025
    Categories
    • Bitcoin News
    • Blockchain
    • Business Startups
    • Credit Cards
    • Cryptocurrency
    • Finance
    • Financial Technology
    • Fintech
    • Stock Market
    Most Popular

    What will happen with the Equal Rights Amendment under Trump?

    March 10, 2025

    Solana Forms Classic Cup-And-Handle Pattern – Analyst Predicts A Breakout To $3,800

    March 15, 2025

    Grab Microsoft Office Professional Plus 2019 for Windows While It’s Just $30

    April 23, 2025
    Our Picks

    Best Crypto to Buy as States Embrace $BTC Reserves

    June 23, 2025

    Inside AI Assisted Software Development and why tools are not enough (Part 1): By John Adam

    June 22, 2025

    Housing market map: Zillow just released its updated home price forecast for 400-plus housing markets

    June 22, 2025
    Categories
    • Bitcoin News
    • Blockchain
    • Business Startups
    • Credit Cards
    • Cryptocurrency
    • Finance
    • Financial Technology
    • Fintech
    • Stock Market
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • About us
    • Contact us
    Copyright © 2024 Fintechfetch.comAll Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.