BNB Chain Completes Its 31st Quarterly Token Burn, Removing 1.58 Million BNB from Circulation

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BNB Chain has completed its 31st quarterly token burn, with 1,579,207.72 BNB being removed from circulation.

The post BNB Chain Completes 31st Token Burn, Reaching New Milestones in Deflationary Strategy appeared first on TokenPost | Web3, Blockchain, Metaverse, Cryptocurrency |.

The post BNB Chain Completes 31st Token Burn, Reaching New Milestones in Deflationary Strategy appeared first on TokenPost | Web3, Blockchain, Metaverse, Cryptocurrency |.

The role of cryptocurrency in the modern financial landscape is rapidly expanding. From facilitating cross-border payments to powering decentralized applications, cryptocurrencies are revolutionizing the way we manage money and interact with the digital world.

One cryptocurrency that has consistently captured the attention of investors and financial analysts alike is BNB. As the native token of the BNB Chain ecosystem, BNB plays a pivotal role in facilitating various DeFi protocols, NFT marketplaces, and Web3 services.

In a recent development, BNB Chain has reached another milestone in its long-term deflationary strategy with the completion of its 31st quarterly token burn. A staggering 1,579,207.72 BNB were burned on July 3. At current market prices, this burn amounts to approximately $916 million, making it one of the largest in the network’s history.

Since the token burn program began in 2017, over 60 million BNB have now been permanently removed from the total supply. At current valuations, this represents more than $32.7 billion in value taken off the market. To put this in perspective, this sum is greater than the combined market capitalization of Dropbox, GoPro, and Harley-Davidson, and it surpasses the GDP of over 100 countries.

With the total target set at 100 million BNB to be burned, only 39.3 million BNB remain before that goal is reached. Following this recent burn, the current circulating supply has dropped to approximately 139.3 million BNB.

The deflationary impact of these burns plays a significant role in shaping BNB’s market dynamics. As supply tightens and demand continues across the expanding BNB Chain ecosystem, long-term holders see this as a strong bullish signal. This is especially pertinent in the prevailing market climate, where new highs remain in sight.

Technical Analysis: BNB Consolidating in Key Zone, Breakout Could Fuel Next Leg Higher

From a technical standpoint, BNB has been consolidating in a key accumulation zone between $500 and $630. This range mirrors its 2022–2023 consolidation period, which was followed by a strong price breakout. Despite recent market fluctuations, BNB remains structurally bullish as long as it holds within this zone.

Price stability in this range typically indicates that institutional or large-scale investors are accumulating the token.

If BNB manages to break above the $630 resistance, the market could witness another significant move toward a new all-time high. The combination of steady deflation, increasing scarcity, and bullish technical structure positions BNB for potential long-term growth.

The latest burn is more than a quarterly update; it’s a testament to BNB’s maturing tokenomics and its growing value proposition. As circulation continues to decline and on-chain activity rises, the market may be gearing up for the next major phase in BNB’s price discovery.