Binance Coin Price Surges Past $1,180 on Burn and Regulatory Optimism

Binance Coin (BNB) price surged past the $1,180 mark in recent trading, outperforming the broader crypto market. This increase is fueled by a large token burn event that reduced supply and optimism surrounding regulatory developments. 2.5% daily gains pushed BNB above its key resistance at $1,150. BNB’s latest burn, valued at $1.69 billion, marked its largest quarterly burn to date, resulting in a significant reduction of circulating supply. This event is driving positive momentum as the deflationary mechanism continues to solidify BNB’s scarcity-driven value proposition.