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$BNB Chain completed another quarterly token burn, continuing its push to reduce $BNB’s supply toward a long-term target of 100 million.
The latest burn removed nearly $1.2 billion worth of tokens. Even so, $BNB’s modest price recovery left sellers with the momentum advantage.
According to $BNB Chain, the 37th quarterly burn removed 1.64 million $BNB worth approximately $1.197 billion.
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The burn took place directly on $BNB Smart Chain (BSC), advancing the project’s long-term supply reduction plan.
BNBburn estimated that the 38th quarterly burn would remove another 1,515,994 $BNB, worth approximately $1.13 billion. That remained a projection. Cumulative burns reached 69.4 million $BNB, according to the tracker.
Burns permanently remove tokens from supply, increasing scarcity. However, the price response still depends on demand and how much selling the market must absorb.
For $BNB, the immediate test was whether buyers would follow the supply reduction with stronger purchases.
$BNB rebounded from $721 to $732 before retracing to $729 at press time. The recovery coincided with negative Spot Netflows, although these flows alone could not establish buying in response to the burn.
Over the previous 24 hours, $BNB’s Spot Netflow fell to -$19.8 million, a level last reached in June. That extended a week of largely negative Netflows, with outflows exceeding inflows on tracked exchanges.
Such withdrawals could reduce the $BNB available for immediate trading. They did not, by themselves, confirm fresh purchases or explain investors’ motives.
Still, the combination of exchange outflows and a price rebound offered buyers some encouragement. Momentum presented a tougher test.
Despite the rebound, $BNB’s MACD fell deeper into negative territory, reaching -7.56. The negative, declining reading suggested that bearish momentum remained dominant, leaving the recovery vulnerable to renewed selling.
If buying failed to strengthen, the token could fall below $720, bringing the $717 support level into focus. Conversely, stronger demand could help $BNB reclaim $758 and potentially target a move above $800.
The burn reduced supply permanently. Buyers still needed to show they could sustain a recovery beyond the initial bounce.
