BNB Eyes Breakout as $916M Burn Fuels Supply Squeeze Near $630 Level
BNB is nearing a critical juncture as its latest token burn–one of the largest in the platform’s history–removes $916 million worth of BNB from circulation. With price consolidating in a well‑defined range and supply rapidly shrinking, traders are eyeing the $630 level as the key to unlocking a potential new all‑time high.
31st Token Burn Reinforces Long‑Term Deflationary Model
BNB Chain’s recent quarterly burn eliminated over 1,57 million BNB, bringing the total number of tokens permanently destroyed since 2017 to more than 60 million. At current valuations, this represents over $32,7 billion in value removed from the market–a figure that surpasses the market cap of companies like Dropbox and GoPro.
With a long‑term target of burning 100 million BNB, only 39,3 million tokens remain before that milestone is reached. The current circulating supply now stands at approximately 139,3 million BNB–an increasingly scarce asset within a growing DeFi and Web3 ecosystem.
Price Consolidation Hints at Imminent Move
Technically, BNB has been trading between $500 and $630–a zone analysts view as a key accumulation range. This structure mirrors patterns observed during its 2022–2023 rally, which ultimately led to a strong upside breakout.
If BNB breaks through the $630 resistance with conviction, a move toward new price highs could follow. This setup is supported by both on‑chain deflationary pressure and a bullish macro backdrop, as the token’s utility within the BNB ecosystem continues to expand.
Growing Scarcity Meets Investor Accumulation
The latest burn event has renewed investor confidence in BNB’s long‑term fundamentals. With each quarterly burn, the asset becomes scarcer–and in a market where demand is rising steadily, the deflationary design is positioning BNB as a high‑conviction play for long‑term holders.
If momentum builds and volume confirms a breakout above $630, the next phase of price discovery could be underway–placing BNB back on track for a major rally.
