$BNB 🪙 What is BNB?

BNB (formerly “Binance Coin”) is the native token of Binance—a major crypto exchange—and the BNB Chain blockchain .

Launched via an ICO in July 2017, it originally ran on Ethereum before migrating to Binance's own chain .

Primary uses include:

Paying fees on Binance (with trading fee discounts)

Fueling transactions and paying gas on BNB Smart Chain

Participating in token sales via Binance Launchpad, staking, DeFi apps, and more .

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🔥 Key Highlights & Developments

Token Burns: Binance performs quarterly burns to reduce supply—latest 32nd burn removed ~1.6 million BNB, with target supply of 100 million .

Bonding Curve TGE: Binance recently launched a dynamic token launch mechanism using bonding curves for wallet users, in partnership with Four.Meme launchpad .

Price & Market Cap: BNB is currently trading around $680–$690, market cap around $94 billion; it ranks among the top five cryptos by market cap .

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📈 Market Sentiment

Analysts note a quiet uptrend, with support building around $660–$690 and resistance toward $700–$733. Top targets in range of $735–$800+ are being discussed .