**Binance Executes Record Token Burn: Is BNB Ready to Surge?**
On Wednesday, April 16, 2025, **Binance Chain** completed its **31st quarterly token burn**, permanently removing **1.58 million BNB** (worth **$914 million**) from circulation. This strategic move could drive the price of **BNB**, the world’s fifth-largest cryptocurrency, upward in the coming weeks.
### A Deflationary Strategy
The burn aligns with Binance’s long-term plan to reduce BNB’s total supply to **100 million tokens**. Introduced via **BEP95**, the auto-burn mechanism calculates the amount of BNB to destroy each quarter based on **BNB’s price** and **Binance Smart Chain’s block production**.
Since its launch, BNB’s **initial supply of 200 million tokens** has dropped to **under 146 million**, creating significant **deflationary pressure**. With a **market cap of $81.65 billion**, this scarcity could boost BNB’s value over time.
### Market Outlook
Currently trading near **$580**, BNB faces resistance at **$600** and remains below key moving averages, signaling short-term bearish pressure. However, the latest burn—one of the largest in Binance’s history—could reignite bullish momentum.
As demand meets reduced supply, analysts watch for a potential breakout. Will BNB’s deflationary model fuel its next rally? The market awaits the answer.
*—Fenelon L.*
