BNB: 37th Burn Removes 1.65M Tokens Worth $1.2B
Binance Research reports BNB's 37th quarterly burn removed roughly 1.65 million tokens valued at $1.2 billion, bringing floating supply to 131.5 million and advancing 68.5 percent toward the 100 million target.
SourceAnalysis
BNB Chain completed its 37th quarterly burn, destroying 1.65 million tokens worth approximately $1.2 billion in the third-largest USD-value reduction to date.
Floating supply now stands at 131.5 million, down one-third from the 200 million level set in 2017 and 68.5 percent of the way to the 100 million cap. In the same period ETH, ADA, TRX and XRP supplies expanded between 21 percent and 64 percent while SOL supply rose 129 percent since 2021.
At $733.51 price trades just above the 50-EMA support at $731.15 with MACD locked in a golden cross, yet the upper Bollinger Band at $737.66 acts as immediate resistance while RSI at 57.64 still allows further upside before momentum turns stretched.
Binance Research
@BinanceResearchAs the official research arm of Binance, this account publishes institutional-grade analysis and in-depth reports on digital assets, blockchain ecosystems, and Web3 technologies. The content delivers data-driven insights into market trends, protocol developments, and macroeconomic factors influencing the cryptocurrency industry.