BNB Chain: 1.64M Tokens Burned in 37th Quarterly Event
CZ Binance reported that BNB Chain completed its 37th quarterly burn of roughly 1.64 million BNB tokens valued at $1.197 billion on BSC.
SourceAnalysis
BNB Chain executed its 37th quarterly token burn on BSC, removing ~1.64M $BNB from circulation at a value of $1.197B according to CZ Binance.
Price sits at $726.8 beneath both the EMA50 at $731.43 and EMA200 at $744.06, locking the structure in a bearish trend. MACD prints -2.15 yet registers a golden cross, while RSI at 51.88 stays neutral inside the Bollinger bands bounded by $732.41 resistance and $710.46 support. With price pressing the upper band while the longer EMAs cap upside, a retracement toward the 50-EMA at $731.43 offers the next logical test before any sustained move higher.
CZ_BNB
@cz_binanceFounder and former CEO of Binance, the world's largest cryptocurrency exchange. Shares insights on cryptocurrency adoption, blockchain technology development, and personal perspectives on building in the Web3 space, while navigating regulatory challenges and industry evolution.