Binance Coin (BNB) has maintained its crucial support level of around $1,000 despite recent volatility. Notably, the coin witnessed a 64 million token burn, representing roughly 31.8% of historical supply, further demonstrating its deflationary mechanism. This action signifies a commitment to long-term stability and decentralized control over BNB’s ecosystem. Binance founder Changpeng Zhao holds less than 1% of all BNB tokens, highlighting the coin’s growing public ownership and decentralized structure compared to other prominent cryptocurrencies. Data from YZi Labs reveals that the token supply is capped at 100 million units, with a broad distribution across public investors using exchanges or self-custody wallets, contributing to a more transparent and resilient ecosystem.