BNB Token Surges 2.52% After 32nd Burn Removes 1.59M BNB, Nears $685 Resistance

BNBUSDT has experienced a 2.52% price increase over the past 24 hours, rising from an opening price of $667.84 to a current price of $684.65. This upward movement is primarily attributed to the recent 32nd quarterly token burn, where 1,595,599.78 BNB were permanently removed from circulation, supporting a deflationary outlook and reducing available supply. Additional factors include heightened market activity, as reflected in increased trading volumes ($1.48B–$1.79B), and growing institutional interest, with notable investments from a treasury company linked to Binance’s founder and Nano Labs’ $50 million BNB acquisition. The price is currently holding near the $685 resistance level, with analysts monitoring for potential further gains if this threshold is surpassed. BNB remains among the top five cryptocurrencies by market capitalization, with a circulating supply of approximately 140.89M–150M BNB.