Binance Coin ($BNB ) Market Update - May
13, 2025
As of May 13, 2025, Binance Coin ($BNB ) is trading at approximately $642.73, experiencing a slight decline from its intraday high of $690.37. Despite this, #BNBToken maintains a strong position in the cryptocurrency market, bolstered by several key factors.
Token Burns Enhancing Scarcity
Binance continues its strategy of reducing BNB's circulating supply through token burns The network recently completed a burn of 1.63 million #BNB tokens worth over $1 billion and plans another burn of 1.5 million tokens valued at approximately $1.089 billion.