Will Binance Coin Burn Drive Prices Back To $600?

Binance has executed its latest quarterly BNB burn, totaling 1.5 million tokens worth $916 million. This action is part of a long-term plan to reduce the supply of Binance’s native token (BNB) to just 100 million. The token burn has already contributed to a decrease in circulating supply. However, despite recent positive expectations about the impact on BNB prices, they have not reflected the full potential of the burn events.