- BNB Chain’s 32nd burn removes 1.59 million tokens from circulation.
- BNB price could rally 17.48% if it breaks key resistance.
BNB Chain has completed its 32nd quarterly token burn, removing over $1 billion worth of BNB from circulation. BNB Chain has burned a total of 1,595,599.78 BNB, valued at approximately $1.024 billion at the time of removal.
The burn includes 1,595,470.69 BNB from its regular quarterly process and 129.10 BNB through the Pioneer Burn Program. According to BNB Chain, this brings the current circulating supply down to 139,289,513.94 BNB.
Since the inception of the burn mechanism, more than 60 million BNB have been permanently removed from supply. BNB Chain confirmed that it remains committed to this reduction strategy as part of its broader tokenomics plan.
BNB Approaches $800 as Network Activity Rises
Binance Coin is currently trading at $670.10, showing a 0.21% increase for the day. Technical analysis shows a breakout above a key resistance at $686.65 could drive the price to $807.28. This would reflect a 17.48% move matching a similar rally seen in April.
The Relative Strength Index (RSI) sits at 59.86, indicating bullish sentiment without signaling overbought conditions. Analysts note that rising on-chain activity, along with growing volume on PancakeSwap, has contributed to BNB’s current momentum.
In Q2 2025, BNB Chain led all blockchains in DEX trading volume, surpassing both Ethereum and Solana. CoinCryptoNewz previously reported that volume peaked over $18 billion, with the DEX-to-CEX ratio hitting 27.92% in June.
Analysts attribute this to early token listings, wider asset access, and increased user interest in decentralized platforms. BNB Chain’s latest burn, combined with strong market performance and growing DEX volume, reinforces its standing as a leading blockchain ecosystem.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
