$BNB As the price of BNB approaches a new all-time high, the main catalyst could be an increase in the burn rate. On July 10, the BNB chain conducted its 32nd burn, which occurs quarterly, resulting in the removal of 1,595,999 BNB from circulation. These coins were worth over a billion dollars.
Since the network launched a burn process, it has reduced the supply by more than 60 million coins, leaving the available supply at 139 million coins.
A 17% increase may occur soon. Additionally, the imminent breakout of an ascending triangle pattern indicates that a new high above $800 could be about to be reached.
