Binance Coin (BNB) has completed its 34th quarterly token burn on the BNB Smart Chain, removing 1,371,803.77 BNB from circulation. The burn comprises 1,371,703.67 BNB via the standard burn mechanism and 100.1 BNB through the Pioneer Burn Program, with an approximate USD value of about $1.277 billion at the time of the transaction. Circulating supply now stands at 136,361,374.34 BNB, as the Foundation reiterates its long-term deflationary plan to support a healthy ecosystem.
BNB’s price has shown resilience, trading around $939 after a modest uptick in the latest four-hour window. Prices have broken above $900 and touched the $950 level, aligning with a broader bullish move in the crypto market. Technical indicators point to upside momentum, with the RSI near 64 and the MACD histogram in the green, suggesting continued buying pressure.
Looking ahead, a sustained move above $950 could pave the way toward $1,000, while a failure to clear that resistance might pull prices back toward $900. The burn program remains a recurring, deflationary measure that investors watch closely as part of Binance Coin’s long-term strategy. All burn details are publicly verifiable on BNB Chain’s channels, underscoring a transparent approach to tokenomics.
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